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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
- A Chair Powell press conference of two halves, with Fed Funds implied rates pushing lower and more than unwinding the increase seen on the announcement only to then spike higher with Powell seeing a March cut as not the most likely case.
- Taking the full suite of communications including the announcement, near-term meetings have seen the strongest increases (March implied rate +5bps, May +4bp) with relatively little sway on late 2024 meeting (Dec +1.5bp) as the Fed looks for a continuation of the good six months of data for confidence in cutting.
- Cumulative cuts: 10.5bp Mar, 34bp May, 61bp June and 143bp Dec.
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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