Traders bet on aggressive rate cuts by the Fed, Deutsche Bank strategist: They keep making the same mistakes over and over again
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Traders are betting that the Federal Reserve will actively cut interest rates, but Deutsche Bank strategists believe they may be wrong again. Traders expect a 175 basis point rate cut over the next 18 months, the highest expectation since early March. Deutsche Bank strategists point out that the Federal Reserve is unlikely to cut rates by such a large margin unless the U.S. economy contracts. Investors are looking for more guidance on rate cuts from the Fed chairman this week. The market has shifted towards small-cap stocks, while tech stocks have seen some pullback
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