US asset manager PIMCO has stated that it expects US growth to slow later this year and in 2024, with the economy hovering between stagnation and a mild recession. PIMCO also predicts that core US inflation will be in the range of 2.5% to 3% at the end of 2024. Due to higher yields and cooling inflation, PIMCO is bullish on bonds for the next 6-12 months and plans to maintain overweight duration positions in bonds. The company also expects unemployment to rise next year and interest rates to remain low. PIMCO's outlook on bonds comes as it believes the markets are overlooking the risk of a recession.
PIMCO SAYS US GROWTH TO SLOW LATER THIS YEAR AND IN 2024, HOVERING BETWEEN STAGNATION AND MILD RECESSION
Pimco Sees Bonds Benefiting as Markets Overlook Recession Risk https://t.co/BgHRH5aUIq
Pimco Sees Bonds Benefiting as Markets Overlook Recession Risk https://t.co/Kwd7MICZmf
PIMCO SAYS IT SEES CORE US INFLATION IN 2.5%-3% AREA AT THE END OF 2024
💡 PIMCO: **BULLISH ON BONDS FOR NEXT 6-12 MONTHS DUE TO HIGHER YIELDS, COOLING INFLATION **IT EXPECTS TO MAINTAIN OVERWEIGHT DURATION POSITIONS IN BONDS **IT SEES CORE US INFLATION IN 2.5%-3% AREA AT THE END OF 2024 **IT EXPECTS UNEMPLOYMENT TO RISE NEXT YEAR, INTEREST RATES… https://t.co/iJoeENGZZn
🔸PIMCO SAYS US GROWTH TO SLOW LATER THIS YEAR AND IN 2024, HOVERING BETWEEN STAGNATION AND MILD RECESSION
🔴 PIMCO: US GROWTH TO SLOW LATER THIS YEAR AND IN 2024, HOVERING BETWEEN STAGNATION AND A MILD RECESSION.
🔸PIMCO SAYS IT SEES CORE US INFLATION IN 2.5%-3% AREA AT THE END OF 2024
🔴 US ASSET MANAGER PIMCO: WE ARE BULLISH ON BONDS FOR THE NEXT 6-12 MONTHS DUE TO HIGHER YIELDS AND COOLING INFLATION.
PIMCO SAYS ITS BULLISH ON BONDS FOR THE NEXT 6-12 MONTHS DUE TO HIGHER YIELDS, COOLING INFLATION
🔸US ASSET MANAGER PIMCO SAYS BULLISH ON BONDS FOR NEXT 6-12 MONTHS DUE TO HIGHER YIELDS, COOLING INFLATION
🐮 US ASSET MANAGER PIMCO SAYS BULLISH ON BONDS FOR NEXT 6-12 MONTHS DUE TO HIGHER YIELDS, COOLING INFLATION