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Group CIO Dan Ivascyn discusses PIMCO’s base case forecast that inflation will remain contained despite near-term risks to the upside, and also highlights the relatively low cost of hedging those risks.
For an extended discussion of our outlook for growth, inflation, and where we see opportunities in markets, please watch, “Positioning for a Growth Rebound,” with Group CIO Dan Ivascyn.
Group Chief Investment Officer
The dollar is set to weaken as fears over last year’s shocks abate.
Focusing on high quality and liquidity when taking risk in portfolios will be key in 2023, as pressure on monetary policy remains intense.
High quality fixed income investments can help center portfolios while offering attractive yield potential amid a likely recession in 2023.
Resilient assets with attractive yields can help portfolios stay centered in 2023, when we expect inflation to moderate, central bank policy to steady, and a recession to take hold.
We expect further weakening in U.S. home prices, although not a sharp decline, as higher mortgage rates pressure affordability and induce many homeowners not to move.
Traditional channels of liquidity for commercial real estate have collapsed, providing attractive opportunities for distressed investors.
The European Central Bank is likely to continue hiking rates next year, but the end point remains uncertain.
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