BREAKING NEWS

BREAKING NEWS

Deutsche Bank cuts back Fed rate hike expectations

Deutsche Bank cuts back Fed rate hike expectations
FILE PHOTO: People are silhouetted next to the Deutsche Bank's logo prior to the bank's annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach/File Photo -
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Kai Pfaffenbach(Reuters)
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LONDON (Reuters) - Deutsche Bank has scaled back its Federal Reserve interest rate call, pushing back expectations for upcoming hikes by three months to September 2019 and March 2020 and chopping a final one that had been forecast for later in 2020.

The move, which was made late on Thursday the bank said, is part of a much wider dialling down of U.S. rate expectations by economists following a change of tack by the central bank and a spate of weak data.

(Reporting by Marc Jones; editing by Helen Reid)

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