Cash Becoming Dominant 2025 Theme: PIMCO's Schneider

Jerome Schneider, Managing Director and Head of Short-Term Portfolio Management at PIMCO, says the comfort of earning 5% on cash is fading, stressing the need to move out of cash. He tells Romaine Bostick and Katie Greifeld on “The Close” that he expects two more rate cuts. (Source: Bloomberg)...

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