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US economy could ‘overheat’ under Trump, warns bond giant Pimco

Financial Times LogoFinancial Times10h ago

US economy could ‘overheat’ under Trump, warns bond giant Pimco - Financial Times

Quick Summary:

That would not be “a friendly scenario to the commercial real estate market”, he said.“That could present some problems to some of these sectors that have rallied more recently in the hopes of central bank cuts.

Market pricing this week indicated that traders have also started to scale back their bets on Fed easing for 2025, and now anticipate less than 1 percentage point worth of cuts by the end of next year.

However, government bonds initially sold off sharply earlier this week in expectation of higher inflation, although the 10-year Treasury has since made back those losses after Fed chair Jay Powell said it was too early to know what the substance of Trump’s policies would be.

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Article Details

Author / Journalist: Harriet Clarfelt

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 14:42:06 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 801 words

Reading Time: 5 minutes read

Sentences: 21 lines

Sentence Length: 39 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23470846

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 13 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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