Core Viewpoint - DZ Bank predicts the Federal Reserve will lower interest rates by 25 basis points in December, followed by cautious actions in the coming months [1] Interest Rate Predictions - The bank forecasts two additional rate cuts in March and June, each by 25 basis points [1] - The expected rate cuts are influenced by rising inflation due to temporary tariff effects and significant government deficits [1] Bond Yield Expectations - DZ Bank anticipates that despite the rate cuts, inflation will drive the 10-year U.S. Treasury yield higher [1] - The forecast for the 10-year U.S. Treasury yield is to rise from the current 4.103% to 4.50% in three months and to 4.60% in six months [1]