Standard Chartered’s Foo Ken Yap predicts a US Federal Reserve interest rate cut despite fiscal concerns.
Morgan Stanley offers a contrasting view, warning of stagflation and recession for US economy in 2025.
Despite uncertainty, Bitcoin (BTC) hits new ATH as investors seek alternative havens like gold.
Senior Investment Strategist at Standard Chartered Bank, Foo Ken Yap, has predicted that the US Federal Reserve will cut interest rates despite expectations to the contrary from various market quarters. According to Yap, the Fed will likely take the unexpected action to cushion the bond market impact and lend support to the overall economic growth.
The research strategist acknowledged the escalating concerns over the US fiscal deficit. However, he predicted that the US 10-year Treasury bond yield would decrease from 4.59% to 4% – 4.25%. Alongside this, Yap and his team at Standard Chartered Bank maintain an optimistic stance on US stocks.
Standard Chartered’s Yap: Fed to Cut Rates, Boosting Bonds and Stocks
The bank’s research reflects its belief that significant corporate investment and resilient earnings expectations will continue to support the mar…
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