Here's your summary from Markets Discounting More Aggressive Rate Cuts, PGIM’s Collins Says (https://www.youtube.com/watch?v=ZIA5H2oCGCA) on the Bloomberg Television channel:

### TLDR:

Markets are pricing in more aggressive rate cuts than the Fed's projections, suggesting potential for further cuts in the future.

### Key Points:

1. The difference between one or two rate cuts this year is not significant in the long term.

2. The markets are currently pricing in seven rate cuts over the next 2-3 years, below the Fed's projection of nine.

3. The markets are anticipating a higher probability of more aggressive rate cuts in the future.

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