Deutsche Bank Predicts Three Consecutive Rate Hikes by the Federal Reserve

Deutsche Bank expects the Federal Reserve to raise interest rates by 25 basis points in December, January, and March, bringing the target range for the federal funds rate to 4.50% to 4.75%. The bank included a rate hike in January in its forecast following the October CPI data, which came in above expectations. Analysts noted that considering the recent hawkish comments from Fed Governor Waller, there is also a possibility of a 50 basis point hike in December, although this is not the base case scenario. Additionally, Deutsche Bank has raised its neutral rate expectation to 3.75% to 4.00%, believing that rates will remain elevated for a longer period.

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