Free Trial

Over 130bp Of Fed Cuts To End-2024

STIR
  • The dust is still settling on the FOMC announcement and more notably the SEP, with Fed Funds implied rates pricing a cumulative 17bp of easing for the March FOMC.
  • That’s back to similar levels seen before payrolls but there have been larger relative declines further out.
  • There is now 58bp of cumulative easing with June (from 47bp prior), building to 131bp to end-2024 (from 116bp prior).
  • The implied effective rate of 4.02% for Dec’24 holds above the 3.98% it recently bottomed out on Dec 1 but prior to that was last seen in August.

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.