Analyst: The Fed is Unlikely to Cut Interest Rates in the Near Future

BlockBeats News, June 10th – Tim Murray, a strategist at Pimco, stated that the Federal Reserve will continue to hold steady until the uncertainty related to tariffs dissipates or there is a significant deterioration in the labor market. Murray expects that there will be no "Fed Put" in the short term, meaning a rate cut by the Fed to rescue the market. Policymakers at the Fed are aware that lowering interest rates is not a panacea for resolving uncertainty. Considering the inflationary risks of tariffs, the Fed is also reluctant to cut rates. Murray predicts that the Fed will stick to its data-dependent approach, avoid providing forward guidance, and refrain from sending any "political messages." (FX678)