Deutsche Bank sees 3 straight Fed hikes as Bitcoin faces weak demand

Deutsche Bank has added a January interest rate hike to its forecast after October’s hotter-than-expected US inflation report, putting three consecutive quarter-point moves on its expected path through March 2027. Deutsche Bank now expects quarter-point Fed hikes in December, January and March, reaching 4.50%–4.75%. October consumer prices rose 0.4%, while core inflation held at 0.3% for a third month. US Bitcoin and Ether ETFs lost a combined $1.65 billion during November’s first trading week. Bitget Wallet analysts have tied a lasting Bitcoin recovery to stronger spot demand and ETF inflows. Reuters reported on Nov. 10 that the bank had added January to its previous call for December and March hikes, citing a research note issued after the inflation release.

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