PIMCO’s Richard Clarida said the Fed’s decision to hold rates steady is “dovish constructive.” He noted that artificial intelligence supports demand in the economy and, together with the BBB tax cuts, could partly offset the drag from rising oil prices. Clarida highlighted that these factors may help sustain growth despite inflationary pressures stemming from the Middle East energy shock.

2026-03-19

PIMCO’s Richard Clarida said the Fed’s decision to hold rates steady is “dovish constructive.” He noted that artificial intelligence supports demand in the economy and, together with the BBB tax cuts, could partly offset the drag from rising oil prices. Clarida highlighted that these factors may help sustain growth despite inflationary pressures stemming from the Middle East energy shock.