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/MNI ANALYSIS: Sell-side analysts have been.....>

FED
FED: /MNI ANALYSIS: Sell-side analysts have been downshifting views on Fed hikes
in 2019 alongside market repricing, based on MNI`s review of 12 sell-side
research commentaries published since Thursday May 30.
- Full list in PDF link below (or see Analysis email), with the following
highlights:
- The towel has been all but thrown in for 2019 hikes based on sell-side
analysis. 6/12 see no change in 2019 (though downside risks are seen mounting),
while 6/12 see cuts.
- The most aggressive 2019 easing call is from Barclays, which sees a 50bps cut
in September, with another 25bps by end-2019. Further out, SocGen looks for
100bps cuts in 2020.
- The nearest-term cuts are seen in July, by Credit Suisse ("insurance" cut) and
Danske ("July or September").
Please see: https://emedia.marketnews.com/Fed2019RateOutlook.pdf

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