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Sunday, April 2, 2023

Key to market: Fed likely to raise rates 25 points, PIMCO says

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The US Federal Reserve will probably raise interest rates by 25 basis points at its next meeting next weekbut new signs of instability in the financial sector could lead to a “hard” pause, said daniel ivascynChief Investment Officer at Pacific Investment Management Co (PIMCO).

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“They will be very attentive to signs of more instability in the financial sector,” Ivascyn told Reuters.

“Certainly there are scenarios where they would pause, it will probably be a hard pause if it is a pause, but our current view is they go to 25 (basis points),” he added.

Fed funds futures pointed to a 25 basis point rise on Thursday. by the Fed at next week’s meeting, because concerns about inflation outweighed fears of a global banking crisis.

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Source: Ambito

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