Deutsche Bank Sees Fed Delivering Three Straight 25-Basis-Point Rate Hikes in December, January and March
JH Kim
Summary
- Deutsche Bank said it expects the Federal Reserve to raise its benchmark interest rate by 0.25 percentage point each in December, January and March.
- Deutsche Bank said it revised its Fed rate outlook to reflect higher-than-expected U.S. inflation in October.
- Deutsche Bank said the target range for the U.S. benchmark interest rate would reach 4.50% to 4.75% if the three projected rate hikes are carried out.
Forecast Trend Report by Period
Deutsche Bank expects the Federal Reserve to raise its benchmark interest rate by 0.25 percentage point each in December, January and March.
Cointelegraph reported on November 10 that Deutsche Bank revised its Fed outlook after U.S. inflation for October came in higher than expected.
The bank now sees the Fed lifting rates by 25 basis points at each of its Federal Open Market Committee meetings in December, January and March.
If that path plays out, the target range for the U.S. benchmark rate would reach 4.50% to 4.75%.
JH Kim
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