Pricing of Terminal Fed Funds Rate Below 3% Appropriate
Wall Street Journal
The current pricing of the Federal Reserve’s terminal rate—where it is anticipated to stop cutting interest rates—at 2.90% is appropriate, says Ashok Bhatia, co-chief investment officer, fixed income at Neuberger Berman.
https://www.wsj.com/articles/pricing-of-terminal-fed-funds-rate-below-3-appropriate-3266e063