Investment Team Voices

Braking (and Not Breaking) the Economy

Matt Freund, Christian Brobst, Charles E. Carmody
October 5, 2023

Progress on inflation and surprisingly resilient economic growth allowed the Federal Reserve to pause its rate hiking campaign at its September 20 meeting. We have been gradually increasing portfolio durations across strategies in expectation of peak-Fed policy rates and a greater likelihood that the next rate move is a cut.

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