PANews reported on December 9th that Paul Eitelman, Senior Director and Chief Investment Strategist for North America at Russell Investments, stated that the Federal Reserve's interest rate decision this week will be a difficult one, given the rare combination of robust economic growth and weak job growth. Russell Investments expects the Fed to implement a hawkish 25 basis point rate cut and maintain cautious wording regarding the future direction of interest rates. Eitelman predicts that the Fed may slow or halt its easing cycle in early 2026, with the terminal interest rate expected to be between 3.25% and 3.5%. Furthermore, he pointed out that the current 10-year Treasury yield is 4.1%, higher than fair value estimates, and recommends a strategic allocation of duration risk in portfolios.PANews reported on December 9th that Paul Eitelman, Senior Director and Chief Investment Strategist for North America at Russell Investments, stated that the Federal Reserve's interest rate decision this week will be a difficult one, given the rare combination of robust economic growth and weak job growth. Russell Investments expects the Fed to implement a hawkish 25 basis point rate cut and maintain cautious wording regarding the future direction of interest rates. Eitelman predicts that the Fed may slow or halt its easing cycle in early 2026, with the terminal interest rate expected to be between 3.25% and 3.5%. Furthermore, he pointed out that the current 10-year Treasury yield is 4.1%, higher than fair value estimates, and recommends a strategic allocation of duration risk in portfolios.