According to a report by the Financial Times, Dan Ivascyn, Chief Investment Officer of Pacific Investment Management Company (PIMCO), stated that the Federal Reserve will keep interest rates unchanged in the foreseeable future, and there is even a possibility of a rate hike, before the policy direction of the Trump administration becomes clear.
Ivascyn pointed out that the latest consumer survey shows that inflation expectations have risen, and inflationary pressures have not yet fully subsided. He believes that Trump's policies will have a positive long-term impact on economic growth and productivity, but may bring short-term pressure. The Federal Reserve will maintain a wait-and-see attitude until the economic data and policy direction become clearer.
