Prudential: The Federal Reserve's interest rate cut target is within reach, which will help alleviate investors' concerns about fixed income assets
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Prudential Vice Chairman Daleep Singh stated that the Federal Reserve is expected to initiate a new round of interest rate cuts at the September meeting, aiming for a neutral policy interest rate. Market expectations for rate cuts help alleviate investor concerns about fixed-income assets. Although inflation is expected to remain above 3% until 2026, the rate cuts will be implemented in a gradual manner of 25 basis points each time. The U.S. August non-farm payroll report shows positive signals, significantly boosting risk assets
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