Deutsche Bank Asset Management: The Fed's interest rate cuts under Trump will not be so aggressive

Odaily News Asset manager Deutsche Bank Asset Management said in its 2025 outlook that U.S. economic growth will remain strong next year, although at a slower pace than in 2024. The company expects U.S. GDP growth to fall from an expected 2.7% in 2024 to 2.0% in 2025. The asset manager also predicts that the Federal Reserve will cut interest rates three times by December 2025. "Under the new administration, the Fed's interest rate cuts are expected to be less aggressive," Deutsche Bank Asset Management said. (Jinshi)