Group 1 - Kevin Gordon from Charles Schwab Research Center indicates that if fiscal support expands, the labor market remains stable, and consumer spending is maintained, there will be some upward inflation risks in the U.S. by 2026, potentially limiting the Federal Reserve to two to three rate cuts [1] - Gordon notes that the global economy is in a state of continuous equilibrium, leading to rapid shifts in capital among different investment styles and high dispersion within sectors [1] - Artificial Intelligence (AI) continues to dominate capital allocation and corporate strategies, but its investment impact is maturing, and future stock price increases will depend on substantial profit growth rather than speculation, making robust earnings critical for price support, especially as some sectors have outperformed others [1] Group 2 - According to Charles Schwab's Hong Kong financial advisor, even if the Federal Reserve continues to lower short-term interest rates, fixed-income asset yields, while slightly lower than last year, remain attractive, with an expected annual return of 4.8% for U.S. aggregate bonds over the next decade, slightly down from last year's forecast of 4.9% [1]
嘉信金融：2026年美国通胀将有上行风险 美联储或仅降息两至三次
Zhi Tong Cai Jing·2026-01-28 08:29