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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.