Bank analysts hugely split on what to expect from the FOMC; from +50bp to -25bp forecast

<p>I posted yesterday on the early responses as they came in:</p><ul><li><a href="https://ift.tt/irMv6IT" target="_blank" rel="follow" data-article-link="true">JP Morgan "continue to look for a 25bp hike at next week's" FOMC meeting</a></li><li><a href="https://ift.tt/qX5VoIj" target="_blank" rel="follow" data-article-link="true">Goldman Sachs forecasts NO rate hike from the FOMC in March</a></li></ul><p>And, wow, it just didn't stop:</p><ul><li><a href="https://ift.tt/40H2b95" target="_blank" rel="follow" data-article-link="true">Nomura forecast a Federal Open Market Committee (FOMC) rate cut, 25bp, at March meeting</a></li></ul><p>I thought I'd put together a summary of all the updates on what bank analysts are expecting from the Federal Open Market Committee (FOMC). As a reminder the meeting is on March 21 and 22, </p><p>Expecting a 50bp rate hike:</p><ul><li>Citi</li></ul><p>Expecting a 25bp rate hike:</p><ul><li>BNP Paribas</li><li>BoA</li><li>Deutsche Bank</li><li>ING</li><li>JPM (as noted above)</li><li>Morgan Stanley</li><li>Rabo</li><li>Société Générale</li><li>Standard Chartered</li><li>UBS</li></ul><p>Expecting an on-hold decision:</p><ul><li>Barclays</li><li>Goldman Sachs (as noted above)</li><li>Nat West</li></ul><p>Expecting a 25bp rate cut:</p><ul><li>Nomura (as noted above)</li></ul><p>---</p><p>Its not just the Federal Open Market Committee (FOMC) expecting to be impacted, expectations for other central banks are also being pared back. While these are a topic for another post, in brief:</p><ul><li><a href="https://ift.tt/tCbxqJo" rel="follow" target="_self" class="article-link vertical-align-baseline">So much for that promised 50 bps ECB rate hike</a></li><li><a href="https://ift.tt/hk4FiVb" target="_blank" rel="follow" data-article-link="true">Westpac forecast the RBNZ to hike its cash rate by 25bp at the April meeting</a></li></ul> This article was written by Eamonn Sheridan at www.forexlive.com.

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