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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
STIR FUTURES
- Fed Funds implied hikes have slipped through the day, with 51bp for Jun and 101bp for Jul, 138bp for Sep and 191bp for Dec, the latter towards the middle of the post-FOMC range.
- Very similar comments from Bullard (’22 voter) from earlier in the week: 50bp is a ‘good plan for now’, wants to try to get to 3.5% by year-end, the more we can frontload the better, economy may slow but will still be above-trend in 2022 and watching the impacts of global QT.
- On comments about leaving timing and management of rates to Powell, he’s used a similar phrase in the past.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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