Opinion: The Fed's loss of independence poses significant risks to the US dollar and US Treasury bonds
Jinse Finance reported that Vincent Mortier, Chief Investment Officer of Amundi, stated in the release of its 2026 investment outlook that political pressure may influence the Federal Reserve's decisions next year, posing significant risks to the US dollar and US Treasuries. Amundi's main favored assets include fixed income, high-quality credit, and inflation-resistant assets. It is expected that the rally in emerging market equities will continue, driven by a weaker US dollar and stronger growth in emerging market economies. Amundi anticipates that the yield on 10-year US Treasuries will remain around 4%. The outlook is more optimistic for bonds of similar duration in Europe, Japan, and the UK. It is expected that the European Central Bank will cut interest rates twice next year, while the market generally expects rates to remain unchanged.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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