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June 2023 FOMC Analyst Views: Dots Seen Shifting Higher Alongside Hold

FED

Of the 31 analyst previews of the June FOMC decision whose previews MNI have seen, all but two see a rate hold.

  • Though several noted potential for Tuesday’s CPI data in particular to tilt the balance toward a hike, Citi and TD are alone in having a core view of a 25bp raise.
  • Of 26 of those analysts who had explicit rate forecasts, 14 saw at least one more hike in this cycle (June included), while 12 believe the next move will be a cut. None expects >50bp of further hikes.

SEE FULL PDF ANALYSIS BELOW:

FedPrevJun2023-SellSide.pdf

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