Rate Hike Back on the Table? Pimco Sounds Alarm Over Iran War Inflation

Pacific Investment Management Company (PIMCO), a leading US bond manager, has warned that the Federal Reserve may need to raise rates rather than cut them.  This comes as the US-Iran war drives inflation higher and undermines the central bank’s 2% target. Wall Street Heavyweights Warn Against Fed Easing Path CIO Dan Ivascyn said Iran’s closure The post Rate Hike Back on the Table? Pimco Sounds Alarm Over Iran War Inflation appeared first on BeInCrypto.