PGIM Fixed Income names Daleep Singh, former deputy national security advisor, as chief global economist
PGIM Fixed Income has named Daleep Singh as chief global economist and head of global macroeconomic research, effective June 21, 2022.
June 24, 2019
In its dovish tilt this week, the Fed created more optionality for itself, clearing the way for possible rate cuts in the second half of this year if incoming data indicate that economic growth is at risk of downshifting and prospects for a pickup of inflation towards 2% are fading. According to PGIM Fixed Income’s G-10 lead economist Ellen Gaske and chief investment strategist Robert Tipp, we may expect to see two rate cuts in the second half of 2019—more than what the median Fed projection has penciled in, but less than the three cuts the market has been pricing in.
Gaske and Tipp also look at what may be contributing to market expectations for even deeper cuts and how this could affect bond market conditions going forward.
Read PGIM Fixed Income’s “The Fed Clears the Way for Cuts as the Market Seeks Even More ” and additional thought leadership at pgim.com/insights.
For a media interview with Ellen Gaske or Robert Tipp, please contact Lizzie Lowe.