PIMCO: The Federal Reserve still points to starting interest rate cuts in September.

Pacific Investment Management Company economist Tiffany Wilding said that a wait-and-see attitude and the risks of rising inflation and unemployment rates mean that the Federal Reserve will continue to monitor upcoming data before adjusting interest rates. However, she added that due to the increase in the unemployment rate, long-term inflation expectations remain relatively stable, so the Federal Reserve may start cutting rates in September and continue into next year.