Pimco Sees Fed on Hold for Rest of Year

Jerome Schneider of Pimco expects the Federal Reserve to leave interest rates unchanged for the rest of the year. The comments are largely a policy outlook rather than a market-moving event, but they reinforce a cautious, rate-stable backdrop for investors seeking growth amid hidden risks.

Analysis

Jerome Schneider of Pimco expects the Federal Reserve to leave interest rates unchanged for the rest of the year. The comments are largely a policy outlook rather than a market-moving event, but they reinforce a cautious, rate-stable backdrop for investors seeking growth amid hidden risks.