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MNI Fed Preview - July 2023: Analyst Outlook

MNI Fed Preview - July 2023: Analyst Outlook

MNI Fed Preview - July 2023: Analyst Outlook

Note to readers: This is an update to the full MNI Fed preview published on Friday July 21. Please see Page 28-33 of this document for sell-side analysts outlooks for the July 2023 FOMC meeting.

EXECUTIVE SUMMARY:

  • All 29 analysts whose previews MNI read ahead of the July FOMC meeting expect a 25bp hike.
  • 4 of those 29 said they expect a further hike this year beyond July to represent the last of the cycle.
  • Most analysts see cuts beginning in H1 2024, split roughly between Q1 and Q2.
  • No analysts expect any substantive changes to the July FOMC Statement’s forward guidance on rates vs June’s edition but a few see language describing inflation potentially shifting in a dovish direction to acknowledge the softer June CPI print in particular.

FOR THE FULL PUBLICATION PLEASE USE THE FOLLOWING LINK:

FedPrevJul2023-Analysts.pdf

To read the full story

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