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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 rates have cooled overnight, helped by lower than expected regional German inflation, but still sit close to levels after yesterday’s core PCE beat having only unwound yesterday’s late second wind.
- 22.5bp hike for Wed (unch) and cumulative 27.5bp for Jun (-1bp), before 12bp of cuts from current levels to 4.71% for Nov (-2bp) and 34bp of cuts to 4.49% for Dec (-2.5bp).
- Ahead, March core PCE inflation which will show how the Q1 beat was distributed and the eagerly anticipated ECI for Q1 plus the MNI Chicago PMI and finalised U.Mich consumer survey after the surprise preliminary surge in near-term expectations.
FOMC-dated Fed Funds implied ratesSource: 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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