Commentary

The Fed’s Road to Full Normalization

At the January 2022 meeting, the U.S. Federal Reserve signaled an accelerated timetable to normalize policy, but it will be a long process amid an uncertain environment.

Commentary

December CPI Data Suggests U.S. Inflation May Be Stabilizing, But Hasn’t Peaked Yet

The strong inflation report combined with employment data will likely prompt the U.S. Federal Reserve to begin hiking its policy rate in March.

Commentary

Investing in a Fast‑Moving Cycle

Uncertainty has become an ongoing theme in markets, economies, and communities everywhere, and in this environment, PIMCO investment professionals gathered – virtually, once again – for our recent Cyclical Forum.

Commentary

Carbon Cap‑and‑Trade: We See a Compelling Opportunity

We see attractive investment opportunities in California’s cap-and-trade carbon emissions market.

Commentary

Fed Focused on Getting Back Toward Neutral

The Federal Reserve pulls forward rate hike expectations and doubles the pace of tapering in an effort to provide more flexibility to react in 2022.

Commentary

Trends and Transformations in the Global Economy

PIMCO’s Global Advisory Board discusses the longer-term outlook for macro trends and major economies.

Commentary

All Asset All Access: Investment Implications of Inflation Expectations

Research Affiliates discusses the outlook for U.S. inflation expectations, and explains their business cycle model and how it informs portfolio positions.

Commentary

U.S. Inflation Data Appears Consistent With Faster Fed Tapering and Interest Rate Hikes

The risks of continued elevated inflation likely have the U.S. Federal Reserve considering material changes to its policy path.

Commentary

Hazy Outlooks for Monetary Policy, Virus Roil Yield Curves and Boost Bonds

Uncertainties that caused U.S. Treasuries to rally and yield curves to undulate in November may persist and could contribute to volatility into year-end.

Commentary

Asset Allocation Views: Opportunity Amid Transformation

Disruptive trends and fatter tail risks highlight the importance of selection within asset classes and regions.

Commentary

European Secular Outlook: The Prospect of More Stability

The COVID-19 crisis spurs cohesion, but fresh challenges await.

Commentary

Amid Inflation Uptick, Valuations Signal Opportunities in Inflation‑Linked Assets

With major central banks likely to exercise patience in the face of price pressures, inflation-linked assets may be attractive allocations.

Commentary

Climate and COP26: Takeaways From Two Delegates

We offer our view of the most significant outcomes from the UN Climate Change Conference.

Commentary

Income Strategy Update: Flexibility to Withstand Pressure

As policymakers withdraw fiscal and monetary support, we believe market volatility will rise, presenting investment opportunities.

Commentary

Energy Volatility Shows Power of Commodities to Influence Inflation

The recent surge in oil and natural gas prices highlights the interconnected nature of energy markets, as well as the complexities of transitioning away from fossil fuels.