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Deutsche Bank Expects US Fed to Keep Rates Unchanged This Yr
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Deutsche Bank expected the US Fed to keep interest rates unchanged this year. It previously forecasted a 25 bps rate cut in September, but given the current strong economic growth, tight labor market and inflation risks on higher oil prices, these factors have limited the room for rate cuts. Rate cuts this year would require a weakening labor market and a decline in inflation, Deutsche Bank added. On the other hand, although the likelihood of an interest rate hike this year is no longer negligible, it is not expected to happen this year. Auto-translated by AI AASTOCKS Financial News |
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