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MNI Inflation Insight, Jul'22: Eyeing A 100bp Hike

  • 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. Full note here:

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