Société Générale: The Federal Reserve will cut rates two more times next year, and U.S. Treasury yields still have room to fall
According to ChainCatcher, citing Golden Ten Data, interest rate strategists at Société Générale stated in a report that upcoming economic data will continue to show the resilience of the US economy, sticky inflation, and a slight deterioration in labor market conditions. Nevertheless, they expect the Federal Reserve to cut rates at the December meeting, followed by two more rate cuts next year. By the end of 2026, they anticipate the yield on two-year US Treasury bonds will steadily decline to 3.2%, while the yield on ten-year Treasury bonds will fall to 3.75%.
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