TYD - Interest Rate Outlook: Fed Likely To Extend Its Pause Beyond Market Expectations
By Rob Waldner, Chief Strategist and Head of Multi-Sector on Mar 8, 2019, in Fixed Income
Invesco Fixed Income shares its views on rates around the world.
US: Underweight
Global interest rates are close to their recent lows, despite our view that growth risks are fading. In addition, it appears likely that the Federal Reserve will extend its pause longer than the market anticipates, and there is a chance of a pivot to a new policy framework (as discussed in our blog: Five things we think could go right for global markets in 2019).