DWS: Downgraded the forecast for the number of interest rate cuts by the Federal Reserve before the end of next year to 3 times

Zhitong
2024.12.17 07:01
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DWS has lowered its forecast for the Federal Reserve's interest rate cuts before the end of 2025 from 5 times to 3 times, expecting one of them to occur in December. Despite mixed U.S. economic data and a weakening labor market, inflation remains stubborn. DWS believes that future fiscal and trade policies are still major unknowns, and expects the Federal Reserve to shift to quarterly adjustments in the first half of 2025 and pause normalization in the second half of the year