[Analyst: Walsh Expected to Strengthen His Anti-Inflation Image] BlockBeats News, July 27, BlueBay Chief Investment Officer Mark Dowding stated in a report that investors have every reason to believe Federal Reserve Chair Walsh will likely lean toward making hawkish remarks and do everything possible to solidify his anti-inflation reputation, even though he is not expected to take any concrete actions at this time. He said: 'This could lead to a further flattening of the U.S. yield curve in the short term.' However, Dowding also noted that, given the continued deterioration of U.S. fiscal conditions and the rising expenditures by Trump on Middle East conflicts, these factors could ultimately cause the yield curve to steepen again at some point in the future.