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.

Russell Investments: The Federal Reserve will implement a hawkish 25 basis point rate cut in December, with the final interest rate projected to be 3.25% to 3.5% by 2026.

2025/12/09 15:07

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.

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PANews reported on December 11th, citing CoinDesk, that President Trump's actions against the "debanking" of controversial industries such as digital assets have prompted the Office of the Comptroller of the Currency (OCC) to release a new report. The report further confirms past practices and warns that banks suspected of involvement could face penalties. This brief OCC report reviewed nine of the largest national banks in the United States, concluding that "between 2020 and 2023, these banks developed public and private policies that restricted certain industries from accessing banking services, including requiring escalating reviews and approvals before providing financial services." The report states that some large banks set higher barriers to entry for controversial or environmentally sensitive businesses, or activities that contradict the banks' own values. Financial giants such as JPMorgan Chase, Bank of America, and Citigroup are highlighted, with links to their past public policies, particularly those concerning environmental issues. The report states, "The OCC intends to pursue accountability for any illegal 'debanking' activities by these banks, including referring related cases to the Attorney General." However, it remains unclear which specific laws these activities may have violated.
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PANews2025/12/11 09:04