Odaily星球日报讯 资产管理公司德银资管在其 2025 年展望中表示，美国经济增长明年仍将保持强劲，尽管与 2024 年相比增速会有所放缓。该公司预计，美国国内生产总值增长率将从 2024 年预期的 2.7%降至 2025 年的 2.0%。这家资产管理公司还预测，到 2025 年 12 月，美联储将会进行三次降息。德银资管称：“预计在新一届政府领导下，美联储的降息举措不会那么激进。”（金十）

机构：特朗普领导下，美联储的降息举措不会那么激进

Odaily Odaily Asset management company Deutsche Bank Asset Management said in its 2025 outlook that US economic growth will remain strong next year, although the growth rate will slow down compared with 2024. The company expects US GDP growth to fall from an expected 2.7% in 2024 to 2.0% in 2025. The asset management company also predicts that the Federal Reserve will cut interest rates three times by December 2025. Deutsche Bank Asset Management said: &quot;It is expected that the Fed&#39;s interest rate cuts will not be as aggressive under the leadership of the new administration.&quot; (Jinshi)

Agency: Under Trump's leadership, the Fed's interest rate cuts will not be so aggressive

Odaily Planet Daily reported that an analyst at Scotiabank said that the fate of the global interest rate market will ultimately depend on the Federal Reserve. Scotiabank expects the Federal Reserve to cut rates further, which means that the yield on US Treasuries and other bonds will decline. They said in a report: "We expect that as the easing cycle progresses, pricing for the Fed's long-term policy will tend to moderate, and the impact of declining government bond yields will also be transmitted to other developed market bond markets." (Gold Ten)

TD Securities: Market pricing in the Fed's long-term policy will moderate

According to the CME "Fed Watch", the probability of the Fed cutting 25 basis points in December is 61.9%, and the probability of keeping the current interest rate unchanged is 38.1%.

The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 61.9%.

Here is the English translation, with the content inside <> not translated:

The US Treasury bond prices are not rising but falling
Morgan Stanley: Forecasts that the yield on the 10-year US Treasury bond will drop to 3.75%
The Fed's 64% chance of a rate cut in December

The US Federal Reserve (Fed) announced a 2-notch rate cut in September, lowering the interest rate to 4.75% to 5%, marking the first rate cut since 2020. And in November, it announced another 1-notch cut, lowering the interest rate to 4.5% to 4.75%, continuing the new round of rate cuts.

The US Treasury bond prices are not rising but falling
However, as the Fed officially launched the rate cut cycle in September...