Analyst: The market is still reluctant to price in a significant rate cut by the Federal Reserve.

MeNews · 2026-04-08T13:22:32+00:00

Analyst John Briggs from Crédit Agricole CIB stated that although a US-Iran ceasefire agreement has been reached, the bond market remains cautious about rate cuts, as the war's impact on inflation is uncertain. He expects the Federal Reserve to signal confidence in its policy and forecasts two rate cuts this year.

MeNews

2026-04-08 13:22:32

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ME News message, April 8 (UTC+8). French trade bank analyst John Briggs said that even after an Iran-U.S. ceasefire agreement is reached, the bond market may still be unwilling to price in too much of the Federal Reserve’s potential rate cuts. Although the situation has eased significantly, the impact of the war on inflation remains unclear. In addition, we may need the Fed to signal that they are comfortable with policy and confident in the progress of (inflation) transmission. Therefore, even though we still expect two rate cuts this year and are looking to buy on dips, we will remain patient. He expects long-term bond yields to be higher than short-term bond yields. (Source: Jin Ten)

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