French Bank Predicts US Economic Resilience Despite Inflation & Labor Market Slowdown

Société Générale’s interest rate strategists believe that U.S. economic resilience will persist despite ongoing inflation and a potential weakening of the labor market. The strategists expect the Federal Reserve to cut interest rates in December, followed by further reductions next year. Forecasts anticipate a steady decline in two-year Treasury bond yields to 3.2% by 2026, reaching 3.75% for ten-year Treasury bonds during the same period.