COINOTAG News reports that Paul Eitelman, Chief Investment Strategist at Russell Investments, described the Fed rate decision as a tough call, with the FOMC divided on how much insurance to provide to the economy — a rare mix of robust growth alongside weak payroll gains. The briefing highlights the policy balancing act facing officials as markets price a cautious path forward.

Eitelman expects a hawkish 25-basis-point rate cut, with forward guidance likely to stay measured. He notes the Fed could slow or pause easing into early 2026, targeting a terminal rate around 3.25%–3.50%.

He also points to the current 10-year Treasury yield near 4.1%, above Russell’s fair value estimate, supporting a strategic tilt toward duration risk in portfolios.