In a note on Friday last week Deutsche Bank shifted its outlook, now expecting the Fed to deliver three 25-bps cuts this year, one at each of the September, October and December meetings.
This compares with its earlier view of just two cuts in September and December. The bank’s U.S. chief economist, Matthew Luzzetti, said while its baseline doesn’t include more easing in 2026, the risks lean toward additional reductions as labor market and inflation trends evolve.
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The Fed’s Federal Open Market Committee (FOMC) meet in September 16 and 17.
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Earlier:
This article was written by Eamonn Sheridan at investinglive.com.
