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BOC HONG KONG: US Inflation to Slow Down; US Bond Rates Expected to Rebound in Stages
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The US Fed announced the results of its monetary policy meeting on Wednesday (19th), cutting interest rates by 0.25% as expected, but the future rate cut pace is slower than the market consensus. The US Fed officials raised the median interest rate forecast for end-2025 to 3.9%, higher than the earlier estimation of 3.4%, implying 2 rate cuts next year, according to the latest interest rate dot plot. Inflation in the US will slow down, thereby the Fed will slow the future rate cut pace in order to manage market expectations first, Amy Cheung, Head of Wealth Strategy & Insights Division of Personal Digital Banking Products Department at BOCHK, said. Cheung also predicted that US bond rates will rebound in stages in the process of falling as the Fed moderates its rate cut pace. AAStocks Financial News |
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