Markets Have Falsely Predicted a Fed Pivot 6 Times in 2 Years, Deutsche Bank Warns Pivot May Not Happen Yet
-
Recent inflation data convinced markets the Fed would pivot dovishly, but markets have been wrong before
-
Deutsche Bank says markets incorrectly predicted a Fed pivot 6 times in the last 2 years
-
First incorrect prediction was in November 2021 due to Omicron fears
-
Other incorrect predictions occurred in spring 2022, May 2022, July 2022, fall 2022, and March 2023
-
Deutsche Bank warns inflation is often hardest to tame in the final stretch, so a pivot may not happen yet