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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 rate path marginally lower overnight. 17bp hike for May 3, whilst the first cut from current levels is fully priced for Nov (-32bp) with 51bp of cuts to 4.32% at year-end.
- Latest Fedspeak from Bostic (’24 voter) doesn’t move the dial, in line with median dot (can “hit mark and hold” with one more hike).
- Goolsbee (’23 voter) speaks for the second time this week to CNBC as retail sales are released, closely followed by Gov Waller (voter) on the economic outlook with text + Q&A. Goolsbee called for patience and prudence in light of bank stress earlier this week, Waller said Apr 1 that the Fed should be able to bring inflation back to its 2% target without a sharp rise in the u/e rate whilst inflation expectations remain well anchored, but otherwise last spoke Mar 2.
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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