As expected, Ottawa presented a cautious budget for 2017 that focused more on implementation than on bold new initiatives, and there is much to commend about Finance Minister Bill Morneau’s wait-and-see approach.
Daniel Hyman, co-head of PIMCO’s agency mortgage portfolio management team, and Alfred Murata, mortgage credit portfolio manager, discuss opportunities in mortgage-backed securities.
The Fed added language that its liftoff path is expected to be consistent with 2% inflation.
The factors driving the participation rate higher since November are somewhat different from those earlier in 2016.
The UK is about to enter a period of potential uncertainty, and the greatest gift the Chancellor can provide to the government is economic protection.
Mihir Worah, CIO Asset Allocation and Real Return, discusses several major transitions currently underway in the global economy and details three of PIMCO’s high-conviction asset allocation views.
Bullish reaction does not change the stubborn facts about policymaking in Washington.
The Fed wants the option to hike in March but lacks the conviction to do so.
When looking past the noise, we believe the data have continued to confirm our forecast for 2.2% core inflation in 2017.
Does détente mean the greenback has already peaked?