PGIM Sees Hawkish Fed Tilt in September With Three Hikes (Video)

PGIM expects the Federal Reserve will raise interest rates three times in September, signaling a shift toward a more restrictive monetary policy stance. This assessment reflects the firm's analysis of recent economic data and Fed communications regarding inflation and employment conditions. The timing and number of rate increases PGIM anticipates would represent a more aggressive posture than some market participants have priced in.

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