Investment Implications of the Fed’s Dovish HikeInvestmentImplicationsoftheFed’sDovishHike

Ed Campbell, Co-Head of PGIM Quantitative Solutions’ Multi-Asset team, recaps the Fed’s latest actions and the investment implications of what market participants generally viewed as a dovish hike. The Fed already faced a difficult task to engineer a soft landing, and banking turmoil has raised the chances of a recession as tighter lending standards threaten to further crimp economic growth.