\nPoliticile \u201eimprevizibile\u201d ale lui Donald Trump au determinat gigantul obliga\u0163iunilor Pimco s\u0103 se diversifice, reduc\u00e2nd expunerea pe activele americane, \u00een timp ce Wall Street-ul \u00ee\u015fi face griji cu privire la consecin\u0163ele pe termen lung ale atacurilor pre\u015fedintelui asupra Rezervei Federale.<\/p>\n
\nDan Ivascyn, director de investi\u0163ii al Pimco, a declarat pentru Financial Times c\u0103 administratorul de fonduri, cu active de 2.200 de miliarde de dolari, \u00ee\u015fi \u201ediversific\u0103\u201d portofoliile pentru a face fa\u0163\u0103 politicilor \u00een continu\u0103 schimbare ale pre\u015fedintelui SUA, care au provocat episoade de volatilitate pe pie\u0163e.<\/p>\n
\n\u201eEste important s\u0103 \u00een\u0163elegem c\u0103 aceasta este o administra\u0163ie destul de imprevizibil\u0103\u201d, a spus Ivascyn. \u201eCe facem \u00een leg\u0103tur\u0103 cu asta? Ne diversific\u0103m\u2026 Credem c\u0103 ne afl\u0103m \u00eentr-o perioad\u0103 de mai mul\u0163i ani de diversificare, cu o reducere a expunerii pe activele americane.\u201d<\/p>\n
\nAvertismentul lui Ivascyn privind pie\u0163ele din SUA vine la doar c\u00e2teva zile dup\u0103 ce \u015feful Rezervei Federale, Jay Powell, a declarat c\u0103 se afl\u0103 sub investiga\u0163ie federal\u0103 din partea Departamentului Justi\u0163iei, condus de administra\u0163ia Trump, \u00een leg\u0103tur\u0103 cu o renovare de 2,5 miliarde de dolari a sediului b\u0103ncii centrale.<\/p>\n
\nDe\u015fi reac\u0163ia pie\u0163elor la ac\u0163iunea Departamentului Justi\u0163iei a fost una moderat\u0103 \u2014 indicele bursier S&P 500 tranzac\u0163ion\u00e2ndu-se \u00een apropierea unor maxime istorice \u2014 executivi de pe Wall Street au spus c\u0103 ancheta a amplificat temerile c\u0103 Trump \u00eencearc\u0103 s\u0103 submineze independen\u0163a Rezervei Federale, \u00een efortul de a reduce costurile de finan\u0163are.<\/p>\n
\n\u201eOrice lucru care erodeaz\u0103 [independen\u0163a Fed] probabil nu este o idee bun\u0103\u201d, a declarat mar\u0163i Jamie Dimon, directorul general al JPMorgan Chase. \u201e\u015ei, \u00een opinia mea, va avea efectul opus. Va cre\u015fte a\u015ftept\u0103rile infla\u0163ioniste \u015fi, cel mai probabil, va duce la cre\u015fterea ratelor \u00een timp.\u201d<\/p>\n
\nUn trader senior de pe Wall Street, de la o firm\u0103 mare, a ad\u0103ugat c\u0103 ac\u0163iunile lui Trump \u00een raport cu Fed-ul vor afecta capacitatea institu\u0163iei de a gestiona crizele, prin sl\u0103birea credibilit\u0103\u0163ii sale.<\/p>\n
\n\u201eNu ve\u0163i vedea aceste efecte peste noapte, dar \u00een eventualitatea unei crize sau a unei cre\u015fteri a a\u015ftept\u0103rilor infla\u0163ioniste, atunci se va vedea cu adev\u0103rat impactul\u201d, a spus acesta.<\/p>\n
\nIvascyn a f\u0103cut un punct similar, subliniind c\u0103 \u201eindependen\u0163a Rezervei Federale \u00een stabilirea politicii monetare r\u0103m\u00e2ne extrem de important\u0103 pentru pie\u0163e\u201d.<\/p>\n
\nEl a ad\u0103ugat: \u201eDe\u015fi, la suprafa\u0163\u0103, poate p\u0103rea tentant s\u0103 influen\u0163ezi Fed-ul pentru a reduce dob\u00e2nzile\u2026 t\u0103ierile agresive ale ratelor, \u00eentr-un context de cre\u015ftere economic\u0103 puternic\u0103 \u015fi infla\u0163ie ridicat\u0103, vor duce cel mai probabil la dob\u00e2nzi mai mari pe termen lung.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Politicile \u201eimprevizibile\u201d ale lui Donald Trump au determinat gigantul obliga\u0163iunilor Pimco s\u0103 se diversifice, reduc\u00e2nd expunerea pe activele americane, \u00een timp ce Wall Street-ul \u00ee\u015fi face griji cu privire la consecin\u0163ele pe termen lung ale atacurilor pre\u015fedintelui asupra Rezervei Federale. Dan Ivascyn, director de investi\u0163ii al Pimco, a declarat pentru Financial Times c\u0103 administratorul de […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[9323,8884],"class_list":["post-244176","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-active","tag-rezerva-federala"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/244176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=244176"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/244176\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=244176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=244176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=244176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}