Signal over Noise: What the Fed transition means for the US fixed income markets

The end of Jerome Powell’s term as Fed chair brings a shift in US monetary policy, with a divided committee and new leadership on the horizon. We break down what the Fed transition means for interest rates, the outlook for further cuts, and how incoming chair Warsh’s views on AI, the Fed’s balance sheet, and inflation targets could shape fixed income markets. Tune in at the start of the trading week for this regular market outlook from Ulrike Hoffmann-Burchardi, Chief Investment Officer Americas and Global Head of Equities.