0514 GMT - Resilient growth, stronger labor demand and pipeline inflation pressures make it increasingly difficult for the Federal Reserve to signal rate cuts, Russell Investments' Paul Eitelman says in a note. "But we don't expect them to go any further than that," the global chief investment strategist says. The announced U.S.-Iran deal timeboxes the commodity shock, reducing the risk that a temporary energy spike becomes a broader inflation problem, he says. One-year forward inflation have dropped back to preconflict levels and, unlike in 2022, the labor market isn't overheated and pressuring service prices, he says. Russell Investments' outlook has consistently favored the Fed on protracted hold for 2026, he says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
June 16, 2026 01:14 ET (05:14 GMT)
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