DEUTSCHE BANK NOW EXPECTS THREE STRAIGHT FED RATE HIKES AFTER OCTOBER INFLATION BEATS FORECASTS
Deutsche Bank said in a note Tuesday that it is adding a 25 basis point increase in January to the hikes it already expected in December and March. That would take the federal funds target to 4.50% to 4.75%.
The bank said Tuesday's inflation data continued to show broad-based gains and reinforced its concerns about persistent price pressures.
It is not treating a 50 basis point move in December as its base case, even after Fed Governor Christopher Waller said one should be considered if core inflation ran around 0.3% or higher.
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Deutsche Bank said in a note Tuesday that it is adding a 25 basis point increase in January to the hikes it already expected in December and March. That would take the federal funds target to 4.50% to 4.75%.
The bank said Tuesday's inflation data continued to show broad-based gains and reinforced its concerns about persistent price pressures.
It is not treating a 50 basis point move in December as its base case, even after Fed Governor Christopher Waller said one should be considered if core inflation ran around 0.3% or higher.
$BTC, $ETH , $USDT , $USDC, $SOL
#DeutscheBank #Fed #RateHikes #Inflation #FOMC #Macro #Markets #Finance #Bitcoin #Crypto
