BlueBay Chief Investment Officer Mark Dowding said in a report, cited by Jin10 and carried by ChainCatcher, that investors have reason to believe Federal Reserve Chair Warsh would be inclined to deliver hawkish remarks and do everything possible to reinforce his anti-inflation credentials, even if he is not expected to take any concrete action at this stage. Dowding said that stance could push the U.S. yield curve to flatten further in the short term. He added that over a longer horizon, the continued deterioration in the U.S. fiscal position and rising spending by Trump on the Middle East conflict could eventually cause the curve to steepen again at some point in the future.
According to Jin10, as cited by ChainCatcher, BlueBay Chief Investment Officer Mark Dowding said in a report that investors have reason to believe Federal Reserve Chair Warsh would be inclined to make hawkish remarks and do everything possible to cement his anti-inflation reputation, even though he is not expected to take any real action for now.
Dowding said that kind of messaging could lead the U.S. yield curve to flatten further in the short term.
He also said that, over the longer run, the continued deterioration in the U.S. fiscal position and rising spending by Trump on the Middle East conflict could cause the yield curve to steepen again at some point in the future.
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