Pimco's Ivascyn Warns Bond Market Ahead of Biggest Fed Decision

Daniel Ivascyn, Chief Investment Officer at Pimco, has expressed concerns that the bond market has priced in too many Federal Reserve rate cuts. Ivascyn, who runs the world’s largest actively managed fixed-income fund, believes that the market is getting ahead of itself regarding expectations for the Fed's future monetary policy decisions. He previewed the biggest Fed decision in years.