According to news on January 23, Dan Ivasin, chief investment officer of Pacific Investment Management Company (PIMCO), said that until Trump’s policy direction is clear, the Federal Reserve will keep interest rates unchanged for the foreseeable future and may even raise interest rates. Ivasin pointed out that the latest consumer survey showed that inflation expectations have increased and inflationary pressures have not completely subsided. He believes Trump's policies will have a positive impact on economic growth and productivity in the long term, but may cause pressure in the short term. The Fed will remain on the sidelines until economic data and policy direction become clearer. (Golden Ten)