BoA on the FOMC, +25bp & guidance of more to come. BoA forecast EUR/USD lower.

BoA preview the Federal Open Market Committee (FOMC) meeting this week (statement due Weednesdy February 1 at 2mp US ET, 1900 GMT):

• The Fed appears comfortable with downshifting the pace of rate hikes again in February.
• We look for a 25bp rate increase.
• We expect the statement to retain guidance that "ongoing increases" in the federal funds rate will be appropriate.

Also, FX forecasts out for the year:

On Europe equities Equities Equities can be defined as stocks or shares in a company that investors can buy or sell. For example, when you buy a stock, you are purchasing equity, thereby becoming a partial owner of shares in a specific company or fund.Equities do not pay a fixed interest rate, and as such are not considered guaranteed income. Consequently, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling p Equities can be defined as stocks or shares in a company that investors can buy or sell. For example, when you buy a stock, you are purchasing equity, thereby becoming a partial owner of shares in a specific company or fund.Equities do not pay a fixed interest rate, and as such are not considered guaranteed income. Consequently, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling p Read this Term:

• We think the next big theme for markets will be a sharp loss of growth momentum, as the full impact of the aggressive monetary tightening over the past year makes itself felt.
• Our macro projections are consistent with 20% downside for the Stoxx 600 Stoxx 600 The STOXX Europe 600 Index, also known as the STOXX 600, is a stock market index that is designed to track the performance of the 600 largest companies in the European stock market. The index includes companies from 18 countries in the European region, and it is considered to be a broad-based benchmark of the European equity market.The STOXX 600 is calculated by STOXX Limited, a subsidiary of Deutsche Boerse Group, and it is based on the market capitalization of the companies included in the ind The STOXX Europe 600 Index, also known as the STOXX 600, is a stock market index that is designed to track the performance of the 600 largest companies in the European stock market. The index includes companies from 18 countries in the European region, and it is considered to be a broad-based benchmark of the European equity market.The STOXX 600 is calculated by STOXX Limited, a subsidiary of Deutsche Boerse Group, and it is based on the market capitalization of the companies included in the ind Read this Term