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Allspring Global Investments Expects Long-lasting Impact from US Tariffs, Fed to Not Cut Rates Before Sep
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The uncertainty caused by US tariff policies will persist, as negotiations between countries take time, Matthias Scheiber, Senior Portfolio Manager and Head of Multi-Asset Solutions at Allspring Global Investments, said. With reference to the experience of the Brexit, the impact on the economic market will last for years. Scheiber anticipated stagflation in the US and a slowdown in economic growth, while international markets, including Europe, may experience the opposite. Therefore, he expected central banks outside the US to continue cutting interest rates. Regarding US interest rates, Scheiber believed that the Fed will not cut rates before September, as it is still waiting for clearer inflation data and assessing the extent of economic slowdown and the impact of tariffs. He predicted that the Fed will not cut rates more than twice within the year. AASTOCKS Financial News Website: www.aastocks.com |
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