PIMCO Chief Investment Officer: The Federal Reserve will keep interest rates unchanged for the foreseeable future, awaiting clarity on Trump's policies

ChainCatcher news, according to the Financial Times, Dan Ivascyn, Chief Investment Officer of Pacific Investment Management Company (PIMCO), stated that the Federal Reserve will maintain interest rates unchanged in the foreseeable future, and there is even a possibility of an interest rate hike until Trump's policy direction becomes clear.

Ivascyn pointed out that the latest consumer survey shows that inflation expectations have risen, and inflationary pressures have not fully 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 Federal Reserve will remain cautious until economic data and policy direction become clearer.