Signal over Noise: What the Fed transition means for the US fixed income markets
From UBS On-Air: Market Moves by Client Strategy Office
May 4, 2026 · 6 min
About this episode
The episode discusses the implications of the Fed transition on US fixed income markets and interest rates.
The end of Jerome Powell’s term as Fed chair brings a shift in US monetary policy, with a divided committee and new leadership on the horizon. We break down what the Fed transition means for interest rates, the outlook for further cuts, and how incoming chair Warsh’s views on AI, the Fed’s balance sheet, and inflation targets could shape fixed income markets. Tune in at the start of the trading week for this regular market outlook from Ulrike Hoffmann-Burchardi, Chief Investment Officer Americas and Global Head of Equities.
People in this episode
Host: Ulrike Hoffmann-Burchardi
Topics covered
- US monetary policy
- fixed income markets
- interest rates
- inflation targets
- AI in finance
Keywords
- Fed transition
- Jerome Powell
- interest rates
- Warsh
- fixed income
- monetary policy
- inflation
Mentioned in this episode
Organizations: UBS, Client Strategy Office
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