By Joachim Fels, Andrew Balls | Mar 30, 2021 Cyclical Outlook Key Takeaways: Dealing With an Inflation Head Fake The global economy is poised for a strong recovery. Inflation is likely to spike temporarily, but we forecast that much of this rise will reverse later this year.
By Libby Cantrill | Mar 29, 2021 Will Taxes Rise in the U.S.? Democrats could begin working on a tax bill later this year, but resulting tax hikes may be weaker and less of a headwind to growth than some fear.
By Tiffany Wilding, Jerome M. Schneider, Rick Chan | Mar 22, 2021 SLR Expiration: Treasury Markets Likely to Shoulder the Costs The expiration of the temporary SLR changes should enhance the soundness of the banking system, but likely at the cost of Treasury market liquidity.
By Tiffany Wilding | Mar 18, 2021 Fed Policy: Patience Is a Virtue The Federal Reserve’s communications following its March meeting should help anchor inflation expectations.
By Tiffany Wilding | Mar 09, 2021 Focusing on Inflation May Miss the Bigger Risk The COVID-19 relief bill has spurred talk of inflation, but financial stability may be a more relevant risk.
By Marc P. Seidner | Mar 08, 2021 Surge in Rates May Be Overstating the Case for Inflation Longer-dated Treasury yields have climbed as markets consider whether economic growth and inflation expectations might accelerate more rapidly. We believe inflation pressures will remain in check and bond yields will be range-bound.
By Lorenzo Pagani, Yi Qiao | Mar 08, 2021 Inflation Numbers Rise in Europe, But Expectations Remain Low A recent report showed an uptick in inflation in Europe, but markets are pricing in low inflation over the long term. We see opportunity for investors to hedge inflation risk.
By Gene Frieda, Carol Liao | Mar 05, 2021 Implications of China’s Credit Curtail China’s economy should see a soft landing as stimulus is reduced, but the drag on global growth may place a burden on developed economies to keep stimulus taps open for longer.
By Libby Cantrill, Tiffany Wilding | Feb 24, 2021 Fiscal Spending Could Cause a U.S. Growth Spike – Compounding Investors’ Concerns on Inflation A large fiscal package geared toward pandemic relief will likely boost U.S. growth even further in 2021, but long-term inflationary risks are still balanced.
By Peder Beck-Friis, Ketish Pothalingam | Jan 20, 2021 Beyond Brexit: Outlook and Risks for the U.K. Economy Despite seeing major market swings following the 2016 Brexit referendum, we don’t expect Britain’s departure from the European Union (EU) to have any major economic effects in our baseline outlook for 2021 and beyond. Far more important are COVID-19, fiscal policy, and bigger questions around future productivity growth.
By Gene Frieda, Pramol Dhawan | Jan 19, 2021 Tail Winds Provide Lift for Emerging Markets Investments A confluence of dynamics are set to accelerate global capital flows to emerging markets amid attractive valuations.
By Joachim Fels, Andrew Balls | Jan 12, 2021 Cyclical Outlook Takeaways: Bounded Optimism on the Global Economy Global output and demand are likely to rebound strongly in 2021, but we see risks that call for careful portfolio positioning.
By Libby Cantrill, Tiffany Wilding, Allison Boxer | Jan 08, 2021 A Narrowly Democratic Congress Could Boost Spending and Growth With a narrowly Democratic Congress, U.S. fiscal spending is likely to increase on economic relief from the pandemic, infrastructure, and healthcare, boosting the economic rebound.
By Erin Browne | Dec 24, 2020 The 60/40 Portfolio Is Alive and Well Is the 60/40 stock-bond portfolio dead? We don’t think so.
By Allison Boxer | Dec 17, 2020 The Fed’s Latest Balance Sheet Guidance: A Compass, Not a Map The Federal Reserve signals that monetary policy accommodation will remain firmly in place.
By Konstantin Veit | Dec 10, 2020 ECB Review: Loose Yield Curve Control As European inflation and growth remain subdued, the European Central Bank expanded its monetary support. The central bank, however, is now focusing more on the region’s financing, rather than financial, conditions.
By Lupin Rahman, Pramol Dhawan | Dec 04, 2020 Harvesting Yield in Emerging Markets Debt of many emerging market countries can offer robust yields and enhance portfolio diversification, provided the asset manager has the resources and sophistication to avoid potential pitfalls.
By Joachim Fels, Andrew Balls, Daniel J. Ivascyn | Oct 07, 2020 Secular Outlook Takeaways: Escalating Disruption The COVID shock has amplified disruptive trends, but we see global investment opportunities in the volatility ahead.
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Alex Petrone Alfred T. Murata Allison Boxer Andrei Wagner Andrew Balls Andrew Bosomworth Andrew DeWitt Andrew T. Wittkop Anmol Sinha Carol Liao Chris Brightman Courtney Garcia Daniel H. Hyman Daniel J. Ivascyn David Hammer Ed Devlin Emily Y. Au-Yeung Erin Browne Eve Tournier Frank Chen Gene Frieda Geraldine Sundstrom Greg E. Sharenow Isaac Meng Jamil Baz Jelle Brons Jerome M. Schneider Jerry Woytash Joachim Fels John M. Devir John Murray Julie P. Callahan Kate Lehrkind Kenneth Chambers Ketish Pothalingam Konstantin Veit Libby Cantrill Lillian Lin Lorenzo Pagani Lupin Rahman Marc P. Seidner Mark R. Kiesel Matthew Livas Matthew Tracey Michael Althof Michael Kim Mike Amey Mike Cudzil Mohsen Fahmi Naila Makhdumi Nicholas J. Johnson Nicola Mai Olivia A. Albrecht Peder Beck-Friis Philippe Bodereau PIMCO Pramol Dhawan Raji O. Manasseh Ray Huang Richard Clarida Rick Chan Robert Mead Ryan Murphy Scott A. Mather Sean McCarthy Sonali Pier Stephen Chang Steve A. Rodosky Steve Sapra Tiffany Wilding Tina Adatia Tomoya Masanao Tony Crescenzi Vinayak Seshasayee Vinicius Silva William Martinez Yacov Arnopolin Yi Qiao Yishan Cao
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