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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 are 0-1bp lower on the day out to mid-2025 as they on net ebb lower to extend yesterday’s decline and leave a rate path close to where it started the week.
- Cumulative cuts from 4.83% effective: 24bp Nov, 43bp Dec, 60bp Jan and 110bp June.
- Data headlines today’s docket with preliminary durable goods orders before the finalized U.Mich consumer survey.
- In the last day before the FOMC blackout period, today’s sole scheduled Fedspeak comes from Collins (’25 voter) in a fireside chat. She said Oct 8 that rate cuts should be careful and data-based whilst balancing two-risks and being attentive to both mandates. She also viewed recent data as showing the labor market in a good place overall.
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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