TechFlow news, January 23 — According to the Financial Times, PIMCO Chief Investment Officer Dan Ivascyn said on January 23 that the Federal Reserve is likely to keep interest rates unchanged for the foreseeable future—or may even raise them—before the policy direction under Trump becomes clearer.
Ivascyn noted that recent consumer surveys show rising inflation expectations, indicating that inflationary pressures have not yet fully subsided. While he believes Trump's policies could positively impact long-term economic growth and productivity, they may create short-term pressures. The Fed will remain in a wait-and-see mode until economic data and policy trajectories become clearer.
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