Every Fed Meeting Is Now 'Live,' Pimco's Clarida Says

PIMCO’s Richard Clarida said the Fed is prepared to hike rates if inflation pressures do not ease, following comments by Fed Chair Kevin Warsh at Jackson Hole. The message reinforces a hawkish policy path tied to inflation persistence, which typically lifts rate expectations and pressures duration-sensitive assets. Market impact is likely meaningful for Treasury yields and rate-sensitive sectors.