PIMCO Chief Investment Officer: The Federal Reserve will maintain the Intrerest Rate unchanged in the foreseeable future, pending clarity on Trump's policies

ChainCatcher News, according to the Financial Times, Dan Ivascyn, the chief investment officer of Pacific Investment Management Company (PIMCO), said that the Federal Reserve will keep the Interest Rate unchanged in the foreseeable future and there is even a possibility of rate hikes before the Trump administration's policy direction becomes clear. Yi Gang pointed out that the latest consumer survey shows that inflation expectations have risen somewhat and inflation pressures have not yet completely dissipated. He believes that Trump's policies will have a positive impact on economic growth and productivity in the long term, but may bring pressure in the short term. The Fed will maintain a wait-and-see attitude until economic data and policy trends become more clear.

TRUMP-7.96%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)