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MNI Fed Preview - May 2023: Analyst Outlook

MNI Fed Preview - May 2023: Analyst Outlook

MNI Fed Preview - May 2023: Analyst Outlook

Note to readers: This is an update to the full MNI Fed preview published on Friday April 28. Please see Page 30-35 of this document for sell-side analysts outlooks for the May 2023 FOMC meeting.

EXECUTIVE SUMMARY:

  • Of the 26 analyst previews of the May FOMC decision whose previews MNI have seen, there is basically unanimous expectation of the Fed delivering a 25bp hike.
  • For most analysts, May’s hike is seen as the last of the cycle.
  • Many expect cuts to begin by year-end.
  • Opinion is split on forward guidance in the May statement, with only a few who don’t see any changes from March’s edition. Expectations for changed language vary widely, see table below.

FOR THE FULL PUBLICATION PLEASE USE THE FOLLOWING LINK:

FedPrevMay2023-SellSide.pdf

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