PIMCO's Jerome Schneider: See One More Rate Cut This Year
Jerome Schneider, head of short-term portfolio management and funding at PIMCO, says the Fed faces new challenges as economic growth picks up. He tells Romaine Bostick and Katie Greifeld on...
By Bloomberg Markets · Bloomberg Markets
Jerome Schneider, head of short-term portfolio management and funding at PIMCO, says the Fed faces new challenges as economic growth picks up. He tells Romaine Bostick and Katie Greifeld on “The Close” that PIMCO still expects another rate cut later this year, even as growth prospects improve. (Source: Bloomberg)