Jenny Zeng, Allianz Global Investors Deputy Head of Fixed Income & APAC Fixed Income CIO, speaks on Bloomberg TV about the Fed rate and the trend of de-dollarization.

Washington

Jenny Zeng, Deputy Head of Fixed Income and APAC Fixed Income CIO at Allianz Global Investors, provided analysis on the Federal Reserve's interest rate policy and the trend of de-dollarization. She noted that while recent U.S. economic data shows some softening, there are no significant imbalances, and inflation data has surprised on the downside for several months. Zeng believes the Federal Reserve is likely to maintain a wait-and-see approach and does not anticipate a rate cut in the near term, unless there is a significant weakening in growth and employment figures.

On the topic of de-dollarization, Zeng highlighted that despite a recent decline, the U.S. dollar is not considered cheap on a purchasing power parity basis, and there could be further structural pressure on the currency. She pointed out that Asian countries, as major global creditors, are seeking diversification away from U.S. dollar assets, which could reinforce the trend toward a structurally weaker dollar, especially if U.S. growth slows and inflation picks up.

Allianz's Zeng on Fed rate, de-dollarization

The talk comes a day after President Donald Trump and Russian President Vladimir Putin discussed Ukraine, Iran and other issues in a call the Kremlin described as "frank and constructive."

Kyiv

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Jerusalem

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Tehran

Iran Strikes

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Bryan Kohberger changed his plea to guilty Wednesday for the 2022 murders of four University of Idaho students. CBS News national correspondent Carter Evans has more on the case.

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Everglades

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Moscow

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Thailand's Constitutional Court on Tuesday suspended Prime Minister Paetongtarn Shinawatra from duty pending a case seeking her dismissal, adding to mounting pressure on a government fighting for survival on multiple fronts.