PGIM's Peters Sees Rates 'Surprisingly' Higher for Longer

The transcript discusses the resilience of the economy in handling prolonged high interest rates, the potential for a soft landing, and the normalization of the interest rate curve. It highlights investment strategies in the context of rate bias and Fed actions, and analyzes the implications of an inverted yield curve, suggesting that if the Fed doesn't cut rates and a recession is avoided, normalization will lead to higher rates.

What are the potential outcomes if the economy does not enter a recession?

What does the text imply about the future of interest rates?