Free Trial
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 have pared a small part of Friday’s increase on first spillover from Canadian jobs and then higher than expected U.Mich consumer inflation expectations.
- The rate path sits at a slightly higher level than shortly before Thursday's surprise push higher in initial jobless claims.
- Cumulative cuts from 5.33% effective: 2.5bp Jun, 7.5bp Jul, 20bp Sep, 29bp Nov and 43bp Dec.
- Today’s sole scheduled Fedspeak comes from Mester (’24 retiring next month) and VC Jefferson (voter) on central bank communications at 0900ET, with Jefferson providing prepared remarks.
- Jefferson said Apr 16 that he expects inflation to decline with rates held steady and will hold rates high for longer if inflation persists. The Fed’s job of restoring 2% inflation is not yet done and the labor market is to stay strong whilst it keeps rebalancing.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok