Accessible version US Fixed Income Strategy The US Fixed Income Weekly Economics – AI Capex is picking up steam AI capex continues to drive growth. Second-order effects include the stock market boom and gains in production & employment. Next week, markets will focus on the FOMC minutes, even though they are stale given the soft July jobs and inflation data. Markets have substantially priced out Fed hikes. For now, we stick with our base case: 75bp of hikes in '26, starting in Sep. Rates – Moving with the da ...