Deutsche Bank AktiengesellschaftDBK
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Deutsche Bank expects the Fed to raise rates twice this year, which could impact its interest-sensitive operations.
Impact on stocks 1
Financials
Deutsche Bank AktiengesellschaftU.S. mortgage rates climbed to their highest level in a year, with the average rate on a 30-year fixed mortgage rising to 6.66% for the week ending July 30, according to Freddie Mac. The increase reflects ongoing inflation concerns, Federal Reserve policy expectations, and geopolitical tensions, which have pushed long-term borrowing costs higher. Data released Thursday showed the Personal Consumption Expenditures price index slowed in June but remained above the Fed's 2% target, while Fed Chair Kevin Warsh reiterated the central bank's commitment to restoring price stability. Deutsche Bank expects the Fed to raise interest rates twice this year by a combined 0.50 percentage points, and renewed Middle East tensions have added uncertainty by threatening to lift oil prices and inflation. Mortgage Bankers Association data showed purchase applications declined 7%, underscoring the pressure higher rates are placing on prospective homebuyers.
Deutsche Bank AktiengesellschaftDeutsche Bank expects the Fed to raise rates twice this year, which could impact its interest-sensitive operations.