FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

STIR: Close To 80bps Of Fed Cuts Seen This Year

STIR
BulletMarketsFixed Income Bullets
  • Fed Funds implied rates are a off very latest lows but hold a shift below post FOMC dovish extremes after the slide in consumer confidence in the Conference Board survey and its continued decline in the labor differential.
  • Cumulative cuts from 4.83% effective: 39.5bp Nov (+1.3bp since the release), 79bp Dec (+3.5bp), 113bp Jan (+4bp) and 181bp June (+5bp).
  • The almost 80bp of cuts seen over the two meetings this year is seen in contrast to the 50bp from the median FOMC dot at last week's SEP.
87 words

To read the full story

Close

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.
  • Fed Funds implied rates are a off very latest lows but hold a shift below post FOMC dovish extremes after the slide in consumer confidence in the Conference Board survey and its continued decline in the labor differential.
  • Cumulative cuts from 4.83% effective: 39.5bp Nov (+1.3bp since the release), 79bp Dec (+3.5bp), 113bp Jan (+4bp) and 181bp June (+5bp).
  • The almost 80bp of cuts seen over the two meetings this year is seen in contrast to the 50bp from the median FOMC dot at last week's SEP.