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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
- FOMC-dated Fed Funds implied hikes have been little changed since rising on Powell yesterday repeating that 50bp hikes over the next two meetings are appropriate, but with two-sided risk including being prepared to do more if necessary.
- Pricing close to where it was once the dust had settled on CPI, with 53bps for Jun, 102bps for Jul, 140bps for Sep and a little below with 189bps for Dec.
- Ahead, repeat appearances from Kashkari (’23 voter) and Mester (’22) after Mester on Tuesday similarly noted openness to larger than 50bp hikes if inflation doesn’t slow in 2H22.
Cumulative hikes implied by FOMC-dated Fed Funds futuresSource: 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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