Financial Titan Says Interest Rates will Not Fall Anytime Soon

If you’re hoping interest rates will fall anytime soon, you’re out of luck, says $1.8 trillion financial titan Interest rates are unlikely to fall soon, said an executive at a firm with assets of $1.8 trillion. Pimco’s Daniel Ivascyn told the Financial Times he doubted central banks’ ability to tame inflation. Inflation is still double the Fed’s target at 4%, although stock markets have rallied this year. After a bruising 18 months for the economy, investors had hoped the dreamy days of low inflation and interest rates were just around the corner. With inflation dipping last month and the stock…