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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
- Fed Funds implied hikes for Sept sit at 60.5bps, the middle of the wide post-July FOMC range of 55-65bps.
- Beyond Sept, hikes sit towards the higher end of the range with a cumulative 108bps priced to year-end or 113bps to a current peak seen in Feb'23 at 3.46% before 50bp of cuts to Dec'23, having seen only a small boost after Mester ('22) said she sees rates peaking a little over 4% next year.
- Prior to payrolls, Barkin ('24) speaks to the Lexington Chamber of Commerce with Q&A at 0800ET. Remarks from two days ago included recession fears look inconsistent given jobs growth but a recession could happen, whilst expecting inflation to not ease immediately or predictably.
FOMC-dated Fed Funds implied rate at specific meetings plus Dec22-23 curve (green)Source: 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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