Deutsche Bank expects Fed to hike 25bps in January 2027

A one-month shift in a single bank's rate forecast is a marginal signal, but it matters as a marker of how sell-side expectations are drifting: Deutsche Bank is consolidating what had been a two-step hiking path into a single move, rather than abandoning the tightening bias. For rate-sensitive corners of crypto and tokenized RWA markets, the relevance is the direction of travel in Fed expectations, not this specific calendar tweak. Whether other forecasters converge on a later, smaller hiking path is the open question worth tracking.