January 30, 2023 12:07 GMT
MNI Fed Preview February 2023: Analyst Views
FED
All 31 analysts whose previews MNI read expect a 25bp hike at the February FOMC.
- Of 24 who expressed a view on upcoming meetings, 14 saw 25bp hikes at both the March and May meetings to a terminal 5.00-5.25% rate; 7 saw just one more 25bp hike in March to end the cycle; while 3 see February marking the end of the cycle.
- On the February statement’s rate guidance: 8 analysts expect the FOMC’s statement to maintain its guidance for “ongoing increases” in the federal funds rate; however there is very mixed opinion on this as 7 expect it to be changed, with the most common amendment being guidance for “further” increases.
FedPrevFeb2023-AnalystOutlook1.pdf
- Note to readers: MNI’s Fed Preview is now published in the week prior to the FOMC meeting, with sell-side analyst summaries published separately. MNI’s full February Fed Preview is available here.
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