Report published July 24, 2026
US Economic Notes: Deutsche Bank Outlook on FOMC Decisions and Q2 GDP Trends
Deutsche Bank · July 24, 2026
Deutsche Bank analysts preview the upcoming FOMC meeting, noting a strong base case for holding rates steady despite significant risks from rising energy prices. The report also highlights a downward revision to Q2 real GDP estimates offset by strong final demand.
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Finvaulta summarizes Deutsche Bank's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.The Fed is expected to hold rates steady at the upcoming FOMC meeting, though a 25bps hike remains a risk due to energy price volatility and Middle East tensions.
- 2.Q2 real GDP growth tracking estimate has been lowered to 1.9%, driven by net exports, but underlying demand (final sales) remains strong.
Table of Contents
- What you need to know for the week ahead
Report data
Economic Activity (% qoq, saar)
| Metric | Estimate | Context |
|---|---|---|
| Q2 Real GDP Growth Forecast | 1.9% | Tracking estimate downgrade due to net exports |
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