Pulse Check on U.S. Interest Rates
The U.S. economy has defied predictions of recession amid post-pandemic interest rate volatility.
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Newark, NJ, United States
George Jiranek is a Vice President on the Global Macroeconomic Research Team at PGIM Fixed Income and is responsible for tracking global economic and financial developments. Prior to joining the Firm in 2017, Mr. Jiranek worked as a research assistant in the International Finance Division of the Federal Reserve Board of Governors. He received a BA in Economics and a BA in Mathematics from Boston College.
The U.S. economy has defied predictions of recession amid post-pandemic interest rate volatility.
Our research series reveals that a varied adjustment process across certain sectors lowered the broader economy’s sensitivity to interest rates.
We explore the historical transmission from tighter monetary policy to corporate bond spreads and the respective investment implications under our "weakflation" scenario.
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