Fed Meeting in October Will Be Tricky, Wilding Says
Market Intelligence Analysis
AI-PoweredPIMCO's Tiffany Wilding expects the Federal Reserve to cut interest rates in October, but notes the lack of economic data will limit their guidance, making the meeting 'tricky'. This suggests a potential rate cut, but uncertainty surrounds the decision.
Market impact analysis based on bullish sentiment with 75% confidence.
Article Context
PIMCO Managing Director and Economist Tiffany Wilding reacts to the US core consumer price index report that showed underlying inflation rose in September at the slowest pace in three months. She predicts the Federal Reserve will cut rates again in October, but won't be able to provide much guidance due to the lack of economic data. She speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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