Allianz Investment: Expects the Fed to remain steady this week, with the dollar facing structural resistance
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Michael Krautzberger, Chief Investment Officer of Global Fixed Income at Allianz Investment, stated that the Federal Reserve is expected to maintain the federal funds rate at 4.25% to 4.5% during the July meeting, marking the fifth consecutive time it has held steady. Despite facing pressure to cut rates, the current economic growth and inflation environment provide the Federal Reserve with room to wait and see. Allianz Investment believes that inflation data in the coming weeks will be a key factor and points out that the dollar faces structural resistance, which strengthens confidence in shorting the dollar
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