0517 GMT - Danske Bank expects the Federal Reserve to deliver two interest-rate hikes--in December 2026 and March 2027--to address underlying inflationary pressure, say senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen. This would bring the key policy rate to 4.00%-4.25%. "We still see a risk that the rate hikes could come earlier, but the latest disappointing set of data leaves a more balanced risk picture," they say in a note. Money markets are pricing in 23 basis points of rate hike in December and a cumulative 33 basis points by March 2027, according to LSEG.