Deutsche Bank: Fed may not cut rates until December

Odaily News Analysts at Deutsche Bank Research said in a report that the Federal Reserve is likely to keep its policy rate unchanged before cutting in December, and then further ease policy next year. "Our base case remains that the next rate cut is in December, followed by two more rate cuts of 25 basis points each in the first quarter of 2026." Analysts said that the easing of tensions between China and the United States has reduced the risk of further deterioration in the U.S. labor market, but other tariff measures may keep inflation at uncomfortably high levels. (Jinshi)