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Subject:

Interest Rates Outlook

Bessent increases the pressure, Fed hesitates

Monday, 18 August 2025, written by Maarten Spek

The Fed is balancing between political pressure and inflation risks, while the ECB has limited room to maneuver. What does this mean for US and European interest rates?
 

This report is published: Bi-weekly

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Previous reports

The message of rising long-term interest rates

Monday, 21 July 2025

Long-term bond yields have been under upward pressure in recent weeks. What are the causes and what message does this send for the outlook for shorter-term interest rates?
 

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How long will the Fed resist political pressure?

Monday, 07 July 2025

For now, the Fed is resisting increasing political pressure to cut interest rates quickly. Why is the Fed doing this, what developments might change the US central bank's mind and what does all this mean for U.S. interest rates?
 

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Fed and bond markets in wait-and-see mode

Monday, 23 June 2025

US and European interest rate markets have gone sideways within a fairly wide range recently. How long will that last?
 

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