The transition phase on the markets continues, albeit without casting major doubts on the scenario, as rates have been stable for several months now. On its part, the Fed has reasserted it will remain ultra-accommodative until inflation stabilises (2023?). Higher uncertainty in the near term, when the evolution of Covid-19 infection cases and the US elections will remain decisive. Andrea Conti, Head of Eurizon’s Macro Research team, shares his views.
Audio recorded on 21 Sep. 2020