Pimco said that the market is worried too much about the Fed's anti-inflation credit, and the current US bond yield level looks attractive. Marc Seidner, the company's chief investment officer for non-traditional strategies, expects the Federal Reserve to keep interest rates unchanged this year, although the market expects a 50% chance that the bank will raise interest rates by 25 basis points at the next meeting. He pointed out that inflation and economic growth are slowing down, and fundamental data performance is weak. However, as fiscal pressure puts pressure on long-term US bonds, the US bond yield curve is likely to get steeper. “The various recent discussions and narratives surrounding the Federal Reserve have been filled with very strong emotions,” he said in a Bloomberg TV interview. “There's really no basis for this. I think the Federal Reserve is credible.”

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