Deutsche Bank economists: Expect the Federal Reserve to cut interest rates three times this year, with a pause in rate cuts in the first half of 2025

ChainCatcher news, Deutsche Bank economists indicate that the 10-year U.S. Treasury yield may settle at 4.25% this year, as the Federal Reserve is expected to cut rates three times, then pause rate cuts in the first half of 2025, and resume monetary easing in the second half. The Fed is expected to start cutting rates in September, which aligns with market pricing.

This week, the Fed is expected to keep interest rates unchanged. Economists anticipate that the rise in long-term Treasury yields will outpace that of short-term bonds, reflecting that the pace of rate cuts next year will be slower than the market expects. (Jin Shi)