Deutsche Bank: The "small step" of the Federal Reserve cannot rule out the subsequent "big move"

On September 18th, Jin10 Data reported that Deutsche Bank analysts said that after the European Central Bank lowered the deposit interest rate by 25 basis points last week, some other central banks will announce their policy decisions this week. Most decisions may ultimately keep interest rates unchanged - except, of course, the most important one. If the Fed does not start an interest rate cut cycle on Wednesday, it would be a big surprise. Volkmar Baur, an analyst at the bank, pointed out: 'At the beginning of this week, the market expects the possibility of the Fed's first significant interest rate cut to be slightly higher than 50%. Our economists still expect a 25 basis point rate cut, which is well-founded.' 'However, the small first step does not rule out future big moves. That's why the current risk is biased towards a weak dollar.'