Pimco's Clarida Says ‘Bar Is High' for a Fed Rate Hike

Richard Clarida says an ECB interest-rate hike is possible but not a "slam dunk," and that the bar for a Fed rate hike remains high. His commentary is cautious and signals uncertainty rather than a clear shift in policy expectations, implying limited immediate market reaction.

Analysis

Richard Clarida says an ECB interest-rate hike is possible but not a "slam dunk," and that the bar for a Fed rate hike remains high. His commentary is cautious and signals uncertainty rather than a clear shift in policy expectations, implying limited immediate market reaction.