This info from Fed watcher Nick Timiraos at the Wall Street Journal. I’m not sure how much credence to give it as the survey was as of 30 April. I know BoA have no change in forecast:
Bank of America still forecasting a December Federal Open Market Committee (FOMC) rate cut
But for analysts at, say Morgan Stanley for example (and MUFG!), they’ll have to revise the -75bp (-125 for MUFG)call I would think?
I’m liking that Soc Gen call! Jeffries too of course.
This article was written by Eamonn Sheridan at www.forexlive.com.