U.S. Treasury Yields Could Go Lower, Says Pictet’s Gaud

The transcript discusses the Federal Reserve's recent decision not to act on domestic economic conditions, despite weak US data, due to global concerns like deceleration in global growth and trade tensions. The decision has impacted the treasury market, with yields dropping. Inflation was not a primary focus, but the Fed acknowledged declining inflation expectations and cut its forecast. The transcript suggests that future economic measures may require both monetary and fiscal interventions to support the economy.

Discuss the potential impact of trade tensions on the U.S. economy as mentioned in the text.

What role do fiscal measures play in conjunction with monetary policy according to the discussion?