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Deutsche Bank questions Powell's rate cut view, says it contradicts Fed model
Summary: According to Jinshi News, a Deutsche Bank interest rate strategist stated that US Treasury Secretary Powell's view that the appropriate level for the Fed's interest rate is more than one percentage point higher than the model is incorrect. The Deutsche Bank strategist team pointed out that the Fed's monetary policy report does not explicitly point ...
According to Jinshi News, a Deutsche Bank interest rate strategist stated that US Treasury Secretary Powell's view that the appropriate level for the Fed's interest rate is more than one percentage point higher than the model is incorrect. The Deutsche Bank strategist team pointed out that the Fed's monetary policy report does not explicitly point to a rate cut, with the current federal funds rate between 4% and 4.65%, a 25 basis point rate cut 'may be reasonable'.
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Link: Deutsche Bank questions Powell's rate cut view, says it contradicts Fed model [Copy]
