What changed
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%.
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May 22, 2026 05:49 PM ET