BlueBay CIO Sees Chance That Fed Won’t Cut Rates in 2026

Mark Dowding, CIO of fixed income at RBC BlueBay, discusses the US economy, Federal Reserve interest rates and his forecast for Treasury yields. “I actually think there will be fewer rate cuts than a lot of people think next year,” Dowding tells Bloomberg Television. “I don’t believe whoever is going to succeed Chair Powell is going to come in as a patsy just to deliver what daddy wants.” Jerome Powell’s term as Fed chair expires in May.