Deutsche Bank Forecasts Three Fed Rate Cuts in 2023

A major financial institution, Deutsche Bank, has significantly altered its outlook for the Federal Reserve (Fed) by predicting three rate cuts this year. This dramatic shift from their prior prediction of just two cuts signals a potential monumental change in the economic landscape. This impact will be felt across various sectors, including mortgages and the cryptocurrency market. 2023’s economic prospects are poised to be influenced significantly by these rate cuts, with implications for individuals and businesses alike.