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Joachim Fels, PIMCO’s current Global Economic Advisor, is retiring after an almost four decade career.
If anything, several developments suggest that recession could hit sooner, and with a more prolonged contraction.
Despite the actions of the US Federal Reserve, more forceful and swifter in its measures than its European counterpart.
The current inflationary shock is a global phenomenon, driven by supply chain disruptions and the Russia-Ukraine war’s impact on food and commodity prices, with consequences for nations worldwide.
It is the largest rate hike since the beginning of the century. Since 2000 rate hikes have always been in the 25 bp range.
What does the asset management industry expect from Powell’s decision? These are their thoughts.
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