J P Morgan slashes 2019 forecasts on US yields due to trade tensions
J.P. Morgan bond analysts cut back on their outlook on U.S. Treasury yields for 2019 as growing risks to the economy from trade tensions may cause the Federal Reserve to lower interest rates twice in the second half of the year.
J.P. Morgan economist Michael Feroli said on Friday he expects the U.S. central bank to lower key lending rates two times later this year. Image source: Reuters