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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
- Bullard (’22) looking for a minimum 5-5.25% has helped spark a sizeable increase in the Fed Funds rate path today.
- FOMC-dated Fed Funds futures show a terminal of 5.0% now straddling May-Jun meetings (+8.5bps on the day) with a Dec’23 rate of 4.56% (+14bps).
- Putting into perspective, this terminal rate remains 8bps lower than after the Nov FOMC (and 15bp below highs the day after), whilst the Dec’23 rate is almost 25bps lower - see chart.
- Kashkari ('23) currently ongoing before Powell later at 2005ET is expected to steer clear of mon pol in a toast to Evans, leaving Collins (’22) scheduled to round out the week tomorrow on the labour market (including text).
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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