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PGIM Fixed Income

2023 Top 500 ranking: 29

Market begins to buy the Fed’s Narrative

Market begins to buy the Fed’s Narrative

On balance, today’s Federal Reserve meeting was in line with what we expected. As widely anticipated, the Fed announced tapering of asset purchases due to “substantial further progress” in the economy. We have long viewed the tapering announcement as a foregone conclusion and had expected Fed officials to use the ...

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