1. RBC: The longer the energy price shock persists, the greater the Fed's concerns about downside risks to economic growth will be.
2. Morgan Stanley: New forecasts are expected to show rising overall inflation and slower economic growth; the dot plot is expected to remain unchanged.
3. Deutsche Bank: Still expects the dot plot to signal one rate cut this year, but even minor fluctuations in variables could lead to upward revisions to the dot plot forecasts.
4. Montreal: Soaring oil prices are exacerbating stagflation risks; meanwhile, job growth has almost stalled, and inflation remains stubbornly at unsettlingly high levels.
5. Bank of America: Expects both overall and core inflation forecasts to be revised upwards; if long-term growth expectations are also revised upwards, the median dot plot is expected to move slightly higher.
6. ANZ: Expects a slight downward revision to the 2026 GDP growth forecast to between 2.3% and 2.4%, while inflation forecasts are likely to be moderately revised upwards by 0.1 to 0.2 percentage points.
7. French Foreign Trade: Growth forecasts may be revised downwards, unemployment rate forecasts will be revised upwards, and inflation forecasts have also been raised, with the median in the dot plot likely remaining unchanged at 3.375%.
8. Rabobank: Based on a baseline scenario of a shorter duration of conflict in the Middle East, the 2026 inflation forecast is expected to be revised upwards to 3.0%, while the GDP growth forecast is revised downwards to 2.0%.
9. Berenberg: Inflation remains well above target, and the economic structure is increasingly showing fragility. Fiscal stimulus and AI investment will still keep economic growth above 2% in 2026, but a significant slowdown is expected in 2027.
