The Federal Reserve is expected to implement a hawkish rate cut, with the terminal rate projected to be between 3.25% and 3.5%.
Jinse Finance reported that Paul Eitelman, Senior Director and Chief Investment Strategist for North America at Russell Investments, stated in a report that the Federal Reserve is expected to implement a "hawkish" 25 basis point rate cut, with the terminal rate likely to be between 3.25% and 3.5%. Eitelman pointed out that the current 10-year US Treasury yield stands at 4.1%, which is higher than Russell Investments' fair value estimate, supporting a strategic allocation of duration risk in investment portfolios. (Golden Ten Data)
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