Standard Chartered: Fed Expected to Cut Rates to Cushion Bond Market Impact and Support Economic Growth
Foo Ken Yap, Senior Investment Strategist at Standard Chartered Bank, stated that despite growing concerns over the U.S. fiscal deficit, the Federal Reserve is expected to implement rate cuts to cushion the bond market impact and support economic growth. The bank forecasts that the yield on the U.S. 10-year Treasury will decrease from the current approximately 4.59% to 4%-4.25% within 12 months. They remain optimistic about U.S. stocks, believing that strong corporate investment and resilient earnings expectations will continue to support the market. Standard Chartered also reiterated the value of gold as a hedge against inflation and recession risks, maintaining a target price of $3,500. (Jin10)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Decentralized prediction platform OracleX will launch its global public beta on December 1.
Michael Saylor releases Bitcoin Tracker information again, possibly hinting at another BTC purchase
Large token unlocks for SUI, ENA, SANTOS, and others scheduled for next week
November was the second worst month for Bitcoin this year, with spot ETF recording a $3.48 billion outflow.
