Standard Chartered: Expected Fed to implement interest rate cuts to cushion bond market shocks and support economic growth

BlockBeats News: On May 22nd, Foo Ken Yap, Senior Investment Strategist at Standard Chartered Bank, stated that despite growing concerns about the US fiscal deficit, the Federal Reserve is expected to implement interest rate cuts to cushion bond market shocks and support economic growth. The bank predicted that the yield of the US 10-year treasury bond bond would fall to 4% -4.25% from the current 4.59% within 12 months, while remaining optimistic about the US stock market, believing that the strong corporate investment and the resilience of earnings expectations would 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. (Golden Ten)