Deutsche Bank: Fed rate cut this week will foreshadow overall rate cuts in 2024

According to ChainCatcher, Jim Reid, a market strategist at Deutsche Bank, said in a report that the magnitude of the Fed's first rate cut will affect the overall rate cut this year. If the Fed cuts by 25 basis points on Wednesday, Deutsche Bank expects the Fed's forecast to show a total rate cut of 75 basis points this year. If the Fed chooses to cut by 50 basis points, they expect a 100 basis point cut by the end of the year. According to Refinitiv data, it is still uncertain how much the Fed will cut interest rates this week, with the money market predicting a 59% chance of a 50 basis point cut and a 41% chance of a 25 basis point cut. (Jinshi)