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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.
FED
From the Analyst Views update of our updated July FOMC preview:
- All 29 analysts whose previews MNI read ahead of the July FOMC meeting expect a 25bp hike.
- Minority Expect Further Hikes: 4 of those 29 said they expect a further hike this year beyond July to represent the last of the cycle: BofA, CIBC, and Mizuho see a 25bp hike in September, with Citi looking for a November raise. That said, most analysts see risks to the upside on rate hikes this year.
- Increasing Focus On Cuts: There is increasing focus on the Fed’s next steps, expectations for which center on a pause until early 2024 before beginning to lower rates.
- Most analysts see cuts beginning in H1 2024, split roughly between Q1 and Q2. One or two see cuts beginning in H2 2024, with many having low conviction on timing.
- The earliest expected cuts are for late 2023 (NatWest, UBS).
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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