Bank of America and Deutsche Bank both released outlooks predicting the Federal Reserve will implement interest rate cuts in 2024. Bank of America expects inflation to gradually cool globally in the second half of 2024, allowing central banks to trim rates and avoid a recession, predicting the first US rate cut in June. Deutsche Bank expects a "mild recession" in the US in the first half of 2024, leading to more aggressive Fed rate cuts than markets currently expect. Traders currently expect the Fed rate to reach 4.48% by December 2024, but Deutsche Bank analysts foresee it dropping lower to 3.5-3.75% by the end of 2024 with their predicted rate cut path.