Deutsche Bank: The Federal Reserve is expected to cut interest rates by 25 basis points at each of the remaining three meetings this year.
According to Golden Ten Data, Deutsche Bank expects the Federal Reserve to cut interest rates by 25 basis points at each of the remaining three meetings this year. This forecast has been adjusted compared to the previous expectation of rate cuts in September and December.
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The Dow Jones Index closed up by 185.13 points, with the S&P 500 and Nasdaq also rising.
The US Dollar Index fell by 0.06%, closing at 99.357.
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