National Australia Bank says the Fed is getting ready to cut rates (in July)

I posted on the outlook for the Federal Reserve from Boa / ML here earlier:

• BoA/ML expect the Fed to cut in September ... but risk is skewed to a cut in July

Looking across a few other notes for the FOMC. This via NAB, in brief:

• recent data suggest some upside risk to our Q2 GDP forecast
• business surveys point to a slowing economy

Fed is getting ready to cut rates

• we expect two 25bp reductions … July and September now the most likely dates
• considerable event risk around these projections - including the upcoming meeting between the US and Chinese Presidents
• Risks still appear slanted towards the Fed making more rather than fewer cuts