According to BlockBeats, on September 11, Stefanie Holtze-Jen, chief investment officer for Asia Pacific at Deutsche Bank's private banking division in Singapore, said that the Federal Reserve may start a rate cut cycle next week.

A total of six rate cuts are forecast in the year to September 2025, fewer than the roughly nine cuts traders were pricing in.

Separately, the European lender warned that mispricing of the prospect of a rate cut by the Federal Reserve could trigger a bout of market volatility.