Deutsche Bank Forecasts Three Consecutive Fed Rate Hikes Following Hot Inflation Data
Deutsche Bank has revised its interest rate projections following higher-than-expected inflation data. The bank now anticipates three consecutive Federal Reserve rate hikes, scheduling additional increases for January, December, and March. The shift in outlook comes after October's Consumer Price Index (CPI) rose by 0.4% month-over-month, surpassing the consensus estimate of 0.3%. This hotter inflation reading has prompted analysts to adjust their expectations for the Fed's tightening cycle to combat persistent price pressures.
Tickers: $DB
Topics: CPI Federal Reserve Inflation Interest Rates
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Part of the story U.S. Inflation Data and Fed Governor Waller's Hawkish Stance Drive Interest Rate Trading Surge (9 articles)