Former Federal Reserve Vice Chairman Clarida: the timing of suspending interest rate hikes is awkward and is expected to raise interest rates for the last time.

[former Fed Vice Chairman Richard Clarida: awkward timing for suspending interest rate hikes and expected to raise interest rates for the last time] the former Fed Vice Chairman Clarida said that before the last possible rate hike in July, the Fed is now in a "data-dependent" mode. "I do think that if the data are closer to market expectations than the Fed's expectations, then the rate hike cycle could end in July," said Clarida, who is now global economic adviser to PIMCO. This is the first time in a long time that I think so. The Fed uses economic data as a basis for policy considerations. "