Core Viewpoint - Richard Clarida, former Vice Chairman of the Federal Reserve, suggests that the Federal Reserve's recent interest rate cuts aim to support the economy and employment while balancing price stability and maximum employment goals. However, U.S. inflation remains above target and higher compared to other major economies [1] Group 1 - Clarida anticipates further interest rate cuts by the Federal Reserve, but rates will not return close to zero to avoid a resurgence of inflation [1] - He warns of potential bubble risks in currently high asset prices and advises investors to prefer bonds over stocks [1] - Despite a return of bullish sentiment in the stock market following concerns over tariff impacts, Clarida questions the strength of U.S. equities and the extent to which they may be inflated [1] Group 2 - Clarida points out that the additional excess returns from holding stocks compared to holding nominal U.S. 10-year Treasury bonds are minimal [1]
PIMCO全球经济顾问：预期美联储将进一步降息，建议投资人“债优于股”
Sou Hu Cai Jing·2025-10-20 02:56