PIMCO: The Fed will keep interest rates unchanged for the foreseeable future, waiting for Trump's policy to become clear

Odaily News Pacific Investment Management Co. (PIMCO) said the Federal Reserve will keep interest rates unchanged for the "foreseeable future" as it awaits clarity on Trump's policies, and may even raise them.
Dan Ivasin, chief investment officer at PIMCO, said he expects the Fed to keep rates steady until there is "more clarity on the data side or on the policy side." "A lot of the policies that Trump has put in place could have very, very positive effects on economic growth (and) productivity over the long term. Some of them may make sense over the long term but create some pressure in the short term."
Ivasin said it was "certainly possible" that the Fed would raise rates, although that was not his base case scenario. He noted that several recent surveys had shown an increase in consumer inflation expectations, often a leading indicator. "We are not out of the woods yet from an inflation perspective." (FT)