Majority Of But Not All Analysts Eyeing 25bp Downshift In Feb

Analyst

Summary

ABN Amro

CPI Continues To Trend Lower, Giving Fed Confidence For 25bp Downshift

ANZ

CPI Likely Overstates Potential Weakness, Still See Two 25bp Hikes With No Cuts This Year

BMO

Could Tip The Odds Towards Down Shift To 25bp In Feb

BNP

Now See Just 25bp Hike In Feb But Continue To See Terminal 5.25%

BofA

Risks Of 25bp Hike Rising, Would Need Strong FOMC Push Back If Planning 50bp

CIBC

Labor Tightness To See Final 50bp Hike In February Before On Hold 2023

Citi

Market Underappreciating Underlying Strength In Inflation Data, Still See Terminal 5.25-5.5%

Commerz

Still Open Whether Down Shifts To 25bps, Waiting On ECI End Of Month

Danske

Easing Pressure For Continued Aggressive Hikes

GS

Continue To Expect Three Further 25bp Hikes

ING

Two 25bp Hikes Still To Come Before Up To 100bps Of Cuts In Second Half

JPM

Keeps Fed On Track To Hike 25bp In February

MS

Continue To Expect Only One Final 25bp Hike in Feb, Eventual First Cut In December

NatWest

Clearly Lends Support To Long-Standing Call For 25bp Hike

Pantheon

Downshift In Core CPI Inflation Is Gathering Pace, Impossible To Time Lower Rent Trend

RBC

Still See Two 25bp Hikes Still To Come After Inflation Moderation Green Shoots

Scotia

Still Think Powell Will See More Upside Risk Than Downside

TD

Market Overly Optimistic, Continue To See 50bp Hike and Terminal 5.25-5.5%

Unicredit

Most Fed Officials Likely Feeling Comfortable Stepping Down To 25bp Hike In February

Wells Fargo

We Doubt The FOMC Is Ready To Declare Mission Accomplished