Deutsche Bank: The Federal Reserve is likely to skip a rate cut in January next year

As the market continues to bet that the Federal Reserve will take a cautious path to lowering interest rates, the dollar is rising. According to data from the London Stock Exchange Group, the market expects the Fed to cut interest rates by a total of 38 basis points by December 2025. The Fed lowered its rate by 25 basis points last week but hinted that future cuts would slow down. Analysts at Deutsche Bank said in a report that it's likely the Fed will skip cutting rates in January next year, which could evolve into a long-term pause in policy easing until 2025.