Free Trial

Less Than 30bps Of Fed Cuts Priced For 2024

STIR
  • Fed Funds implied rates hold yesterday’s post-ECI increase after a further push higher late in the session.
  • Ahead of today’s heavy docket with labor data and ISM mfg before the FOMC decision, a first cut in December is getting close to only just being fully priced at 28bps.
  • Cumulative cuts from 5.33% effective: 0bp for today's meeting, 2bp Jun, 5.5bp Jul, 13bp Sep, 19bp Nov and 28bp Dec.
67 words

To read the full story

Close

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.
  • Fed Funds implied rates hold yesterday’s post-ECI increase after a further push higher late in the session.
  • Ahead of today’s heavy docket with labor data and ISM mfg before the FOMC decision, a first cut in December is getting close to only just being fully priced at 28bps.
  • Cumulative cuts from 5.33% effective: 0bp for today's meeting, 2bp Jun, 5.5bp Jul, 13bp Sep, 19bp Nov and 28bp Dec.