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PGIM Fixed Income

2023 Top 500 ranking: 29

The Fed’s About-Face Complete Amid Dissent

The Fed’s About-Face Complete Amid Dissent

As Federal Reserve officials have been signaling in recent weeks, the Fed cut its target Fed funds rate by 25 bps to a target range of 2.0%-2.25% at the policy meeting that ended on July 31, marking its first interest rate cut since 2008.

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