The Federal Reserve’s interest rate forecasts, due to be released next Wednesday, are likely to reflect a fed funds rate peaking at 5.1% next year and staying at that level through the end of next year, according to economists at Deutsche Bank becomes. That would be an increase from a 4.6% year-end forecast for 2023 released by the Fed in September. Deutsche Bank expects Fed policymakers to reach the Fed Funds rate level of 5.1% by next May. Friday’s hotter-than-expected producer prices report for November revealed that price pressures have eased less than analysts had hoped, leaving stock traders unable to decide on the data. Dow Industries
djia,
alternated between slight gains and losses in afternoon trade.
