[PGIM Expects Three Rate Hikes This Year, Followed by Policy Reversal in 2027] According to a report by Jinse Finance, on June 16, U.S. asset management company PGIM holds a marginal view, predicting that the Federal Reserve will raise interest rates three times this year to curb economic overheating, followed by a policy reversal in 2027. The company had previously forecasted in April that the Federal Reserve would cut rates this year. PGIM stated that the U.S. economy is "exceptionally strong," and inflation remains persistently high, necessitating new countermeasures. Given this context, and considering that the Federal Reserve has failed to achieve its 2% target for five consecutive years, PGIM expects the Fed to raise rates three times this year to bolster its credibility and anchor inflation expectations. PGIM noted, "If the rate hikes are framed as 'preventive' measures to address supply-side inflation and recent long-term Treasury volatility, Walsh will gain political support." However, PGIM also predicts that the Federal Reserve "will relatively quickly reverse these rate hikes, implementing three rate cuts in 2027 and another in 2028, ultimately bringing the interest rate to 3.375%—lower than the current rate and possibly close to the neutral rate."