Rate Hike Back on the Table? Pimco Sounds Alarm Over Iran War Inflation
Pacific Investment Management Company (PIMCO), a leading US bond manager, has warned that the Federal Reserve may need to raise rates rather than cut them. This comes as the US-Iran war drives inflation higher and undermines the central bank’s 2% target. Wall Street Heavyweights Warn Against Fed Easing Path CIO Dan Ivascyn said Iran’s closure...
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