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(Bloomberg) -- The Fed could still boost rates “once at the end of the year if everything quiets down geopolitically, but that does not look very likely right now," Dan Fuss, vice chairman at Loomis Sayles, says in an interview with Bloomberg Television.

• "It’s fair to say that both the geopolitical and domestic political environment is such that it’s going to be more difficult for our central bank to go forward and both reduce its balance sheet and bring rates up as much as I earlier thought they would"
• 10Y UST yield unlikely to trade with 1-percent handle with any permanance
• Average maturity of portfolio is about 40% of where it used to run and is now under five years; "it’s the geopolitics and the politics rather than fear of the Fed"

To contact the reporter on this story: Alexandria Arnold in Seattle at abaca3@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Greg Chang

--Washington Newsroom (202) 624-1820

--Washington Newsroom (202) 624-1820

(Bloomberg) -- 2Q GDP to show zero q/q growth, while consumption should partially offset worse agribusiness performance, analysts say.

• Quality of GDP results should be better in 2Q than in 1Q, since private consumption will grow for the first time in 9 quarters, Goldman Sachs Senior Economist for LatAm Alberto Ramos says by phone
• Expectation of a recovery in consumption is also highlighted by Icatu Chief Economist Rodrigo Melo and SulAmerica Investimentos Chief Economist Newton Rosa
  • Household deleveraging process is more advanced than corporate, Rosa says, pointing out that retail sales are showing impact in consumption
• Labor market and credit are showing some improvement, which helps support the economy, Rosenberg e Associados Chief Economist Thais Zara says
• 2Q data has been positive, with marginal growth in industry and services, Haitong Senior Economist Flavio Serrano says
• Summing up, while 1Q GDP growth was bigger, it was too dependent on agribusiness, while 2Q growth should be lower, but with a more leveled performance across sectors, Rabobank Strategist for Brazil Mauricio Oreng says, adding that recovery will be gradual
• A flat performance in 2Q confirms that political crisis started in May didn’t have a big impact in economic activity, Credit Agricole EM Strategist Italo Lombardi says

To contact the reporters on this story: Vinícius Andrade in São Paulo at vandrade3@bloomberg.net; Josue Leonel in Sao Paulo at jleonel@bloomberg.net; Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net