Agency: The Federal Reserve's interest rate increase in September remains suspense to be cautious about long-term bond investments

In a report dated 1 September, Thomas Henpell, head of macro and market research at Generali Asset Management, France, stated that the September Fed interest rate hike remained an even-handed judgement and therefore the Agency was cautious about long-term bond investments. Henpell stated that, as far as policy interest rates are concerned, we believe that the Federal Reserve ' s judgement to raise interest once after the mid-term election is more vindictive. The more adhesive performance of the core PCE inflation in July, coupled with the statement by Federal Reserve Chairman Kevin Walsh at the Jackson Hole hawks, raised the risk of an early interest rate hike. The firm continues to be cautious about long-term bond investments and expects that the long-term national debt return will continue to fluctuate, although the risk to the long-term rate of return in the United States remains upwards. Kim Xian