Will fixed income deliver amid uncertainty?

In the second half of 2025, fixed income markets may remain slightly volatile. Tariffs continue to create uncertainty, while US GDP is expected to end the year below forecasts amid discussions of the end of 'US exceptionalism'. US Treasury yields may fall as the Federal Reserve adopts a dovish stance. Policymakers face the challenge of balancing full employment with inflation, knowing they will miss one of their mandates. As the labour market weakens, the Fed is likely to cut rates two or three times. Hear Matthew J. Eagan, CFA’s outlook for fixed income markets and the US dollar. For...