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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
- Fed Funds implied rates for meetings later into 2024 have been slowly creeping back towards post-CPI highs after only a mild paring of the initial move.
- Cumulative cuts: 2.5bp Mar, 10.5bp May, 26bp Jun, 42bp Jul, 75bp Nov and 92bp in Dec.
- Nov and Dec implied rates have climbed 21bps since CPI and 49/51bps since payrolls on Feb 2, with the rate path by far the closest to the 3 cuts pencilled in for 2024 at the Dec FOMC since then.
- There has been no pop-up Fedspeak so far today. Next up tomorrow is Goolsbee (’25 voter) in Q&A and VC for Supervision Barr (perm voter) who could be of note as he is also set to talk on mon pol rather than just banking supervision.
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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