Goosay: Fed to Cut Rates "At Least Twice" in 2026, Emerging Markets Will Outperform

• The Fed is expected to cut interest rates at least twice in 2026, with 10-year bond yields currently at their lowest levels since November.
• Fixed income offers attractive income opportunities across high yield, investment grade, emerging markets, and municipal bonds.
• Global central bank policies are diverging, with some central banks hiking rates (e.g., Bank of Japan, Australia) and others cutting (e.g., Bank of England), alongside a weakening US dollar.

Michael Goosay anticipates the Fed will cut rates at least twice in 2026, driven by mixed economic data and geopolitical risks. He highlights attractive income opportunities in fixed income sectors and notes diverging global central bank policies, while maintaining an optimistic outlook for the US economy.