According to BlockBeats, 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 interest rate cuts to buffer the impact on the bond market and support economic growth. The bank predicts that the yield on U.S. 10-year Treasury bonds will decline from the current approximately 4.59% to 4%-4.25% within 12 months. Standard Chartered remains optimistic about U.S. stocks, believing that strong corporate investment and resilient earnings expectations will continue to support the market. Standard Chartered also reaffirms the value of gold as a hedge against inflation and recession risks, maintaining a target price of $3,500.