Fed Eyes Slow and Steady Approach After Outsized Cut

September 18, 2024

John Hall of PGIM Quantitative Solutions examines market reaction and the outlook for interest-rate policy after the Fed's half-point cut.

"If you look at the market reaction to this news… we've seen a normalization as they've processed comments from Chair Powell, and the slow and steady pace that the Fed will take going forward." - John Hall, Portfolio Manager, PGIM Quantitative Solutions