On January 23rd, Pacific Investment Management Corporation (PIMCO) Chief Investment Officer Dan Ivasin said that until Trump's policy direction is clear, the Federal Reserve will maintain interest rates unchanged for the foreseeable future, and even raise interest rates.
Ivasin pointed out that the latest consumer surveys show that inflation expectations have risen, and inflationary pressures have not fully subsided. He believes that Trump's policies will have a positive impact on economic growth and productivity in the long run, but may cause pressure in the short term. The Federal Reserve will remain on the sidelines until economic data and policy direction are more clear. (Jin Ten)
PIMCO Chief Investment Officer: The Federal Reserve will maintain interest rates unchanged for the foreseeable future, pending clarification of Trump's policies
2025-01-23 05:59:43
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