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ABNAmro, Commerzbank Still See 75bp Fed Hike In July

US OUTLOOK/OPINION

Commerzbank says regarding June's upside inflation surprise that "a look at the details is thus almost superfluous – ultimately, prices are rising strongly everywhere, both for services and for goods". They don't think inflation has peaked, and thus "the Fed still has some work to do".

  • That will include a 75bp hike in July as a "done deal".

ABNAmro sees monthly headline inflation as "likely to fall back in the near term given the decline in a range of commodity prices, but the risks to core inflation look still to be to the upside, despite the cooling in demand indicators."

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Commerzbank says regarding June's upside inflation surprise that "a look at the details is thus almost superfluous – ultimately, prices are rising strongly everywhere, both for services and for goods". They don't think inflation has peaked, and thus "the Fed still has some work to do".

  • That will include a 75bp hike in July as a "done deal".

ABNAmro sees monthly headline inflation as "likely to fall back in the near term given the decline in a range of commodity prices, but the risks to core inflation look still to be to the upside, despite the cooling in demand indicators."

Keep reading...Show less