Pimco Group chief investment officer Dan Ivascyn says global weakness, uncertainty over consumer sentiment and inflation running below target are reasons the Fed will not move this week. Photo: SCMP Pictures

Pimco says Fed unlikely to raise rates this week

Asset manager believes rate increase will come before the end of the year, but not in September

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Pimco Group chief investment officer Dan Ivascyn says global weakness, uncertainty over consumer sentiment and inflation running below target are reasons the Fed will not move this week. Photo: SCMP Pictures
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