UBS : prévoit toujours que la Réserve fédérale réduira les taux d'intérêt de 50 points de base plus tard cette année

Mars Finance reports that on April 17th, UBS research indicated that the Federal Reserve remains on a path of further easing. Federal Reserve Chair Powell recently downplayed the need to tighten monetary policy due to rising energy prices, noting that policymakers often “ignore” supply shocks such as soaring oil prices, especially when inflation expectations remain firmly under control. Although the Fed is still seeking further evidence of a sustained decline in core inflation before implementing another round of easing, we still expect a 50 basis point cut later this year. Given that U.S. Treasury yields are well above pre-conflict levels, we believe there is ample room for downward movement, with year-end targets of 3.25% and 3.75% for the 2-year and 10-year Treasury yields respectively. (Jin10)