Global banks have come to a consensus on the likelihood of a Fed hike. This development follows recent inflation surprises. The banks' unified stance is a notable shift in their outlook.
Further information on this topic is available from the Honolulu Star-Advertiser. Details about the inflation surprises and the banks' expectations for the Fed hike can be found in their reporting.
The source provides more context and insights into the global banks' decision to coalesce around the Fed hike call, but specific details are not available in this brief summary.