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Analyst Single Line Takeaways From CPI

US OUTLOOK/OPINION
  • The 20 analysts below had already jettisoned a March start to rate cuts a while ago. With some questioning January seasonality potentially at least partly behind the surprise strength, they mostly keep to their calls for a first cut in May or June, with a couple already looking for July.
  • Nomura formally pushed their view for a first rate cut out from May to June with one less cut for the year with now a FOMC SEP consistent 75bps for 2024.
  • The full MNI US Inflation Insight report will follow later on.

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