📰 Deutsche Bank predicts three consecutive Fed rate hikes, putting Bitcoin $BTC under pressure
📌 Following a higher-than-expected U.S. inflation report for October, Deutsche Bank updated its forecast for the Federal Reserve’s (Fed) interest rate path. The bank expects the Fed to raise rates three times, by 25 basis points each, in December, January, and March, taking the federal funds target range from its current 3.75%–4.00% to 4.50%–4.75%.
📌 According to data from the Bureau of Labor Statistics, consumer prices rose 0.4% in October, above economists’ forecast of 0.3%. Housing costs rose 0.3% (accounting for more than 30% of the monthly increase), food prices rose 0.5%, and energy prices rose 0.7%. Although Fed Governor Christopher Waller has not ruled out a 50-basis-point hike if inflation remains high, Deutsche Bank still leans toward a more modest increase.
💬 What do you think about this development? Let’s discuss!
#CryptoNews
🔗 Source: Cryptonews
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 Following a higher-than-expected U.S. inflation report for October, Deutsche Bank updated its forecast for the Federal Reserve’s (Fed) interest rate path. The bank expects the Fed to raise rates three times, by 25 basis points each, in December, January, and March, taking the federal funds target range from its current 3.75%–4.00% to 4.50%–4.75%.
📌 According to data from the Bureau of Labor Statistics, consumer prices rose 0.4% in October, above economists’ forecast of 0.3%. Housing costs rose 0.3% (accounting for more than 30% of the monthly increase), food prices rose 0.5%, and energy prices rose 0.7%. Although Fed Governor Christopher Waller has not ruled out a 50-basis-point hike if inflation remains high, Deutsche Bank still leans toward a more modest increase.
💬 What do you think about this development? Let’s discuss!
#CryptoNews
🔗 Source: Cryptonews
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).