Standard Chartered: It is expected that the Federal Reserve will implement interest rate cuts to cushion the impact on the bond market and support economic growth

ChainCatcher news, according to Jinshi reports, Standard Chartered Bank's senior investment strategist Foo Ken Yap stated that despite growing concerns over the U.S. fiscal deficit, the Federal Reserve is expected to implement interest rate cuts to buffer the impact on the bond market and support economic growth. The bank predicts that the yield on the U.S. 10-year Treasury will decline from the current approximately 4.59% to 4%-4.25% within 12 months, while remaining 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.