- Deutsche Bank said it expects the Fed to cut its policy rate a total of three times this year.
- Previously it had expected two cuts in September and December, but said it added one more in this outlook.
- It said it did not disclose the specific timing of the cuts.
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On the 12th (local time), according to economic breaking news channel Walter Bloomberg, Deutsche Bank expects the Federal Reserve (Fed) to cut its policy rate a total of three times this year.
Originally Deutsche Bank had expected two cuts in September and December, but it added one more in this outlook. However, it did not mention the specific timing of the cuts.
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