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Pimco CIO Says Iran War Could Lead to Fed Rate Hike
Pimco Chief Investment Officer Dan Ivascyn told the Financial Times that a war involving Iran could lead the Federal Reserve to further delay rate cuts and may even result in a rat...
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Pimco Chief Investment Officer Dan Ivascyn told the Financial Times that a war involving Iran could lead the Federal Reserve to further delay rate cuts and may even result in a rate hike.

He said that if Iran were to block the Strait of Hormuz, causing energy prices to surge, it would create new challenges for the Federal Reserve, which has been striving to bring inflation back to the central banks 2% target. Although the Federal Reserve remains some distance away from raising rates, he expects Europe, the United Kingdom and even Japan to further tighten monetary policy.

Related NewsCore Inflation Rate MoM for Apr in United States is 0.4%, higher than the previous value of 0.2%. The forecast was 0.3%.
He added that given the high degree of uncertainty surrounding the inflation outlook, any rate cut by the Federal Reserve could have counterproductive effects and may even push up medium- to long-term interest rates. (mn/da)

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