According to Jinshi, Deutsche Bank warned that recent storms and port strikes will make upcoming US economic data reports more difficult to interpret.

Deutsche Bank said the data was heavily influenced by recent storms and strikes, which could complicate the coming weeks for markets and the Fed.

Last week's CPI data and the previous week's employment report changed people's expectations for the FOMC's rate cuts. Deutsche Bank believes that the market has seriously overestimated the perfect scenario of stable data, that is, the Fed can lower interest rates below 3% without triggering a recession.

Deutsche Bank noted that it is difficult to imagine such a large reduction in interest rates without a recession.