TechFlow, Dec 9 — According to Jinshi Data, Paul Eitelman, Senior Director and Chief Investment Strategist for North America at Russell Investments, said in a report that the Fed's interest rate decision on Wednesday appears to be a difficult call, with FOMC divided on how much "insurance" the economy needs—a rare combination of solid economic growth alongside weak employment growth. Russell Investments expects a "hawkish" 25-basis-point rate cut from the Fed, implying cautious forward guidance on the path of future rates. Eitelman stated: "We expect the Fed to slow or halt its easing cycle by early 2026, with a terminal rate of 3.25% to 3.5%." He also noted that the current 10-year Treasury yield at 4.1% is above Russell Investments' fair value estimate, supporting a strategic allocation to duration risk in portfolios.
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