Jerome Powell butcher cuts
  • 52 of 102 see Fed waiting until at least July to cut
  • 50 of 102 see the Fed cutting earlier
  • 72 of 100 see the Fed cutting by 100 bps or less
  • All but 5 said the Fed hiking cycle was over

Citi's US economist said stronger core inflation will disrupt the Fed-cutting narrative and delay cuts.

Yesterday, Deutsche Bank was out with a note calling for 175 bps in Fed cuts next year.