PIMCO： It is expected that the Federal Reserve will cut interest rates by 50 basis points once this year

On April 2nd, Pacific Investment Management Corporation (PIMCO, Pinhao) predicts that the Federal Reserve will cut interest rates by another 50 basis points later this year. They believe that the Fed is facing a challenging environment, with the risks of rising inflation and economic slowdown having conflicting impacts on achieving the bank’s goals of “price stability and full employment”.