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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 little changed after yesterday’s further large increase which drove a 5% terminal.
- 78bp for Nov 2, 144bp to 4.52% Dec and peak 5.02% in May’23 all unchanged, with the 4.76% for Dec’23 -2.5bp.
- That additional 25bp hike on net through 2023 is in stark contrast to both rates of circa 4.4% pre-US CPI.
- NY Fed Williams gives opening remarks at 0910ET, Evans (’23) at 0940ET and Daly (’24) at 1130ET, the latter on the housing market and state of the economy.
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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