According to Odaily, Ashok Bhatia, Co-Chief Investment Officer of Fixed Income at Neuberger Berman, has stated that the current pricing of the Federal Reserve's terminal rate at 2.9% is appropriate. Bhatia noted that a terminal rate below 3% would equate to a real rate of approximately 1%, assuming the Fed can and will bring the inflation rate back to around 2%. He emphasized that this rate is essentially neutral. While the economy might eventually require a more accommodative or lower real rate, Bhatia pointed out that this would be a long-term issue.