What changed
DANSKE BANK NOW EXPECTS FED HIKES, NOT CUTS — 25BP IN DEC 2026 AND MAR 2027
Analysts at Danske Bank reversed their prior call for rate cuts, citing AI-driven investment demand fueling structural inflation and a tight labor market. US manufacturing PMI rose to 55.3. They previously saw rates falling to 3.00-3.25%.
Why it matters
Analysts at Danske Bank reversed their prior call for rate cuts, citing AI-driven investment demand fueling structural inflation and a tight labor market. US manufacturing PMI rose to 55.3. They previously saw rates falling to 3.00-3.25%.