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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
- Fed Funds implied rates have unwound some of yesterday’s gain but maintain a climb from Friday’s close to sit 3-6bp higher for March meetings onwards.
- It’s more than reversed the net decline seen after Friday’s core PCE at 1.9% annualized over six months, with five of the past six months at or below the M/M pace consistent with 2%.
- It nevertheless leaves 24bp cumulative cuts for March, 99bp for July and 156bp for Dec – see table.
- The next scheduled Fedspeak comes with Barkin (’24) and the FOMC minutes on Jan 3.
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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