Standard Chartered: The Fed is expected to implement a rate cut to cushion the bond market impact and support economic growth

BlockBeats News, May 22: Senior Investment Strategist at Standard Chartered Bank, Foo Ken Yap, stated that despite escalating concerns over the US fiscal deficit, the Federal Reserve is expected to implement interest rate cuts to cushion the bond market impact and support economic growth. The bank predicts that the US 10-year Treasury bond yield will decrease from the current approximately 4.59% to 4%-4.25% within 12 months. At the same time, they remain optimistic about US 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 $3500. (FXStreet)