DWS: Expects U.S. inflation data to improve in the first quarter; opportunities for interest rate cuts in March and June still exist, but the magnitude is expected to weaken
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DWS Chief U.S. Economist Christian Scherrmann expects positive inflation data for the first quarter in the U.S., with opportunities for interest rate cuts in March and June still present, but the magnitude of the cuts may be reduced. The Federal Reserve maintained interest rates at the January FOMC meeting, with Chairman Powell stating that inflation has eased and the labor market is not under pressure; future rate cuts will depend on improvements in inflation or a weakening labor market. The market anticipates that cooling inflation will take time, and political uncertainty may drive up prices, requiring cautious responses
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