Program and guest

CNBC Television’s “Squawk on the Street” (approximately 3 minutes and 59 seconds), featuring PIMCO global economic adviser and former Federal Reserve Vice Chair Richard Clarida. This article covers Clarida’s full interview.

Key points

(The following paraphrases preserve the guest’s intended meaning; timestamp links point to the corresponding moments in the original video.)

  • The market broadly expects the Fed to hold rates steady this week, while a rate hike in December remains on the table. (https://www.youtube.com/watch?v=U3DAzFRVmrs&t=16s）
  • Recent comments from Williams, Waller and Jefferson all suggest the Fed can be a little patient. (https://www.youtube.com/watch?v=U3DAzFRVmrs&t=42s）
  • The Fed will most likely skip a rate hike at this week’s meeting and leave the decision until later. (https://www.youtube.com/watch?v=U3DAzFRVmrs&t=51s）

Background and notes

Subtitles cover the full video (approximately 3 minutes and 59 seconds); this article covers Clarida’s full interview.

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