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Deutsche Bank: US employment is expected to increase by 180,000 in January, and interest rate cuts may occur in May

Deutsche Bank: US employment is expected to increase by 180,000 in January, and interest rate cuts may occur in May

2024/02/02 10:20

Deutsche Bank said that despite the strong performance of the US labor market, it is not as good as the overall data suggests. Deutsche Bank expects employment to increase by 180,000 in January. This data may not be enough for the Federal Reserve to cut interest rates in March, as the market has already priced this in. Deutsche Bank still expects the first rate cut to happen in May.

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