ChainCatcher news, according to Jinshi report, PGIM fixed income chief U.S. economist Tom Porcelli said that the current federal funds rate of 5.3% appears relatively high compared with the current consumer price inflation rate of less than 3%, even if the interest rate is cut by 100% Fundamentally, the Fed's policy remains tight, with policy calibrated against significantly higher inflation and significantly lower unemployment, but those circumstances have changed.