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PGIM Fixed Income

2023 Top 500 ranking: 29

Powell Soft Pedals 75 bps Hike as Markets Remain on Edge

Powell Soft Pedals 75 bps Hike as Markets Remain on Edge

The Federal Reserve assumed an even more aggressive stance at its meeting on June 15 in light of persistently high and broad-based inflation readings and indications—at least from a few measures—that medium-term inflation expectations are starting to march higher.

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