LGT's Hofer: Successor Fed to be dovish, front-load 2026 rate cuts

• LGT's Stefan Hofer predicts the successor Fed will maintain an easing bias in 2026, front-loading rate cuts in the first half.
• The future Fed's policy emphasis will shift to preserving low unemployment over inflation.
• China's real GDP growth is projected at 4.5-5% in 2026, with real estate oversupply remaining a key drag.
• Oil prices are expected to stay in the $60-70 per barrel range, unless China's growth surprises.
• A major wildcard for 2026 global markets is the potential end of the war in Europe, offering a peace dividend.

Why It Matters: It forecasts future Fed policy and global market trends, crucial for financial planning.