Free Trial

MNI US Inflation Insight: Eyeing A 100bp July Hike

EXECUTIVE SUMMARY

  • By almost every measures, the June CPI report saw inflation rip even higher from already rampant rates.
  • It was the exact opposite of the "clear and convincing" evidence of subsiding inflation Fed Chair Powell is looking for, and initial FOMC member reactions helped drive a further increase in Fed hike pricing above 90bps for July.
  • Most notable analyst reactions to the data/Fedspeak have been Nomura and more recently Citi calling for a 100bp hike in July.
  • We review 20 sell-side takes from the CPI report.

PLEASE FIND THE FULL REPORT HERE:

USInflationInsightJul2022.pdf

To read the full story

Close

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.