DWS: It is expected that the Federal Reserve will slow down the pace of interest rate cuts after the December meeting, and future fiscal and trade policies remain major unknown factors
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DWS Chief U.S. Economist Christian Scherrmann stated that the Federal Reserve is expected to slow down the pace of interest rate cuts after the December meeting, despite persistent inflation and mixed economic data. The latest CPI data shows a slowdown in price increases, but there has been progress in controlling inflation. Future fiscal and trade policies remain major unknowns, and households and businesses may anticipate an increase in domestic demand. DWS has revised its forecast for rate cuts before the end of 2025 from 5 times to 3 times, expecting the Federal Reserve to switch to quarterly adjustments in the first half of 2025
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