Commentary

Prevailing Under Pressure

This is a critical time for investors and policymakers alike.

Commentary

U.K. Market: Growth, But at What Price?

U.K. financial market volatility is likely to remain high, and the longer-term outlook likely depends on future monetary and fiscal policy.

Commentary

With Aggressive Rate Forecasts, Fed Seeks to Reinforce Commitment to Taming Inflation

The Federal Reserve released new economic projections suggesting interest rate hikes will be faster and larger than previously forecast.

Commentary

Proceed With Caution: Opportunities for Cash and Defensive Income Amid Uncertainty

We believe short-dated bonds can offer attractive yields, flexibility, and a means to proceed cautiously as central banks continue to raise interest rates.

Commentary

Hot August Inflation May Shift Fed’s Interest Rate Trajectory Higher

The Federal Reserve may be pressured to target a higher terminal fed funds rate as it seeks to tame U.S. inflation expectations following strong price rises in August.

Commentary

How Can Policymakers Improve the Functioning of the U.S. Treasury Market?

Widening participation in the Fed’s standing repo facility and bond buying programs could mitigate another liquidity crisis in the Treasury market.

Commentary

Spotting Opportunities and Risks Across the EM Investment Universe

Emerging market valuations appear attractive, but country-specific risks can be critical to monitor amid global inflation and rising interest rates.

Commentary

Fed Affirms Hard‑Line Approach to Taming Inflation

In Jackson Hole, Federal Reserve officials unequivocally emphasized their commitment to bringing inflation under control – even as the U.S. economy slows.

Commentary

Understanding the Completion Mandate Value Proposition

The value of completion mandates for defined benefit plans depends on the stage of the de-risking journey.

Commentary

Income Fund Update: Higher Yields, Wider Spreads, Greater Opportunities

The market contraction presents better opportunities than we’ve seen in years to generate income, which we balance against the need for resilience in the face of a potential recession.

Commentary

European Front‑End Markets: Valuation Strikes Back

As the European Central Bank leaves negative policy rates behind, attractive valuations herald a much-improved total return potential.

Commentary

Building Resilience Amid Global Risks

PIMCO’s Global Advisory Board discusses the longer-term outlook for geopolitics, inflation, and other macro themes.

Commentary

July U.S. CPI Offers Some Relief, But Fed Also Watches Other Inflation Indicators

Despite price declines in many sectors, the Federal Reserve may continue its hawkish approach.

Commentary

Fed Aims for ‘Modestly Restrictive’ Policy to Counter Inflation

The Federal Reserve affirmed its commitment to price stability, hiking its policy rate 75 basis points again and signaling more tightening to come.

Commentary

What China’s Recovering Supply Chain Means for Global Inflation

Renewed growth in China’s manufacturing activity, coupled with softening developed market demand, should ease some supply-side pressures – but several other inflation risks remain prevalent.