Pimco: Fed may be too early to start cutting interest rates in March

BlockBeats News, January 29, Pimco economist and managing director Tiffany Wilding said that the inflation rate in the United States has fallen sharply from the high point in 2022, especially when considering the PCE indicator. But it may be too early for the Fed to start cutting interest rates in March. Non-market prices drove relatively positive news on personal consumption spending, while CPI remains on the higher side and the prospect of a rate cut in March may remain challenging. This, combined with an unexpectedly strong economy and the central bank's historical tendency to delay rate cuts, suggests that while a rate cut in March is still possible, "it may be more practical to wait a little longer." (Golden Ten)