Free Trial

Roughly Pricing 25bp Cut Per Meeting Through Mar-Sept

  • Fed Funds implied rates have ebbed lower overnight to broadly price a 25bp cut per meeting through March-September.
  • Cumulative cuts are seen with 24bp for March, 51bp for May, 78bp for June, 102bp for July and 125bp for September, before 159bp by end-2024.
  • There is no scheduled Fedspeak again today, with primary focus on the monthly PCE release for November after yesterday’s surprisingly large downward revisions to Q3.

To read the full story



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.