PIMCO Pod

Fed’s Holding Pattern Continues Amid Competing Risks

Fri, 01 May 2026 15:52:00 -0000

In this episode, we discuss the Federal Reserve’s decision to hold rates steady amid heightened uncertainty and competing economic risks. The discussion and content provided within this podcast is intended for informational purposes only and may not be appropriate for all investors. Reliance upon information provided in a podcast is at the sole responsibility of the listener. The information included herein is not based on any particularized financial situation, or need, and is not intended to be, and should not be construed as, a forecast, research, investment advice or a recommendation for any specific PIMCO or other security, strategy, product or service. Past performance is not a guarantee of future results. All investments contain risk and may lose value. Investors should speak to their financial advisors regarding the investment mix that may be right for them based on their financial situation and investment objective. Podcasts may involve discussions with non-PIMCO personnel and such content contain the current opinions of the speaker but not necessarily those of PIMCO. Other podcasts may consist of audio recording of an existing PIMCO article and such material contains the current opinions of the manager. The opinions expressed in all podcasts are subject to change without notice. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. This is not an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to www.pimco.com/gbl/en/general/legal-pages/podcast-disclosures

The Credit Market Lens: Differing Signals in BDCs, and Orderly Defaults in High Yield

Mon, 27 Apr 2026 21:44:00 -0000

In this episode, we discuss how equity and credit investors are reassessing BDC valuations differently – and why high yield defaults continue to play out primarily through distressed exchanges. The discussion and content provided within this podcast is intended for informational purposes only and may not be appropriate for all investors. Reliance upon information provided in a podcast is at the sole responsibility of the listener. The information included herein is not based on any particularized financial situation, or need, and is not intended to be, and should not be construed as, a forecast, research, investment advice or a recommendation for any specific PIMCO or other security, strategy, product or service. Past performance is not a guarantee of future results. All investments contain risk and may lose value. Investors should speak to their financial advisors regarding the investment mix that may be right for them based on their financial situation and investment objective. Podcasts may involve discussions with non-PIMCO personnel and such content contain the current opinions of the speaker but not necessarily those of PIMCO. Other podcasts may consist of audio recording of an existing PIMCO article and such material contains the current opinions of the manager. The opinions expressed in all podcasts are subject to change without notice. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. This is not an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to www.pimco.com/gbl/en/general/legal-pages/podcast-disclosures

When Geopolitics Becomes an Economic Input

Fri, 24 Apr 2026 15:03:00 -0000

In this episode, we discuss strategies to strengthen and diversify portfolios need to adapt to a world where geopolitical risk is a feature rather than a bug. The discussion and content provided within this podcast is intended for informational purposes only and may not be appropriate for all investors. Reliance upon information provided in a podcast is at the sole responsibility of the listener. The information included herein is not based on any particularized financial situation, or need, and is not intended to be, and should not be construed as, a forecast, research, investment advice or a recommendation for any specific PIMCO or other security, strategy, product or service. Past performance is not a guarantee of future results. All investments contain risk and may lose value. Investors should speak to their financial advisors regarding the investment mix that may be right for them based on their financial situation and investment objective. Podcasts may involve discussions with non-PIMCO personnel and such content contain the current opinions of the speaker but not necessarily those of PIMCO. Other podcasts may consist of audio recording of an existing PIMCO article and such material contains the current opinions of the manager. The opinions expressed in all podcasts are subject to change without notice. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. This is not an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to www.pimco.com/gbl/en/general/legal-pages/podcast-disclosures

Higher Energy Costs, Weaker Tax Relief Squeeze U.S. Households

Wed, 22 Apr 2026 20:13:00 -0000

In this episode, we discuss how persistent energy price pressures and less‑than‑expected tax relief are intensifying financial stress for U.S. households and reinforcing K‑shaped economic outcomes.

The discussion and content provided within this podcast is intended for informational purposes only and may not be appropriate for all investors. Reliance upon information provided in a podcast is at the sole responsibility of the listener. The information included herein is not based on any particularized financial situation, or need, and is not intended to be, and should not be construed as, a forecast, research, investment advice or a recommendation for any specific PIMCO or other security, strategy, product or service. Past performance is not a guarantee of future results. All investments contain risk and may lose value. Investors should speak to their financial advisors regarding the investment mix that may be right for them based on their financial situation and investment objective. Podcasts may involve discussions with non-PIMCO personnel and such content contain the current opinions of the speaker but not necessarily those of PIMCO. Other podcasts may consist of audio recording of an existing PIMCO article and such material contains the current opinions of the manager. The opinions expressed in all podcasts are subject to change without notice. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. This is not an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to www.pimco.com/gbl/en/general/legal-pages/podcast-disclosures

The Credit Market Lens: Software Stuck in a Trough

Mon, 20 Apr 2026 21:36:00 -0000

In this episode, we discuss how, the software sector remains challenged by pressured valuations, uncertain recoveries, and less reliable sponsor support.

Why the Fed Could Shrink Its Balance Sheet Again (and Markets Might Not Notice)

Thu, 16 Apr 2026 19:24:00 -0000

In this episode, we discuss why the Federal Reserve could further shrink its balance sheet and why, if done gradually, markets may see little impact.

The Credit Market Lens: Oil Supply Shocks Don’t Age Well

Mon, 13 Apr 2026 16:20:00 -0000

In this episode, we discuss how, Markets may be pricing some relief for now, but the true measure of an oil shock is how long it endures.

U.S. Employment Volatility Masks Structural Shift

Thu, 09 Apr 2026 19:47:00 -0000

In this episode, we discuss how volatile U.S. employment data is masking a structural shift toward slower labor force growth and greater reliance on productivity -- and perhaps AI -- to drive GDP growth.

Temporary Disruption – or the Start of a Global Supply Shock?

Fri, 03 Apr 2026 17:11:00 -0000

In this episode, we discuss the growing risk that prolonged Iran-related oil disruptions could shift from a temporary shock to a global supply crisis.

The Credit Market Lens: A market split, but for how long?

Mon, 30 Mar 2026 21:41:00 -0000

In this episode, we discuss how, Amid geopolitical uncertainty, dispersion across credit markets – rather than a broad risk off move – has become the dominant investment signal.

Layered Uncertainty: Conflict, Credit Stress, and AI

Fri, 27 Mar 2026 20:11:00 -0000

In this episode, we discuss how in a world of intensified uncertainty and dispersion, investing becomes less about forecasting and more about favoring more liquid, high quality assets that can be resilient across a variety of scenarios.

Spreads May Be Converging Across Public and Private Markets, But Liquidity Is Not Evolves

Tue, 24 Mar 2026 15:55:00 -0000

In this episode, we discuss the efforts to make private credit tradable face obstacles and risk undermining one of the main reasons – earning an illiquidity premium – that investors look to private assets.

Caution Takes Center Stage at the March Fed Meeting

Fri, 20 Mar 2026 18:23:00 -0000

In this episode, we discuss how the Fed emphasized a cautious stance on rate cuts amid uncertainty from the recent energy shock.

Private Credit’s Other Lanes Still Offer Value

Tue, 17 Mar 2026 15:09:00 -0000

In this episode, we discuss why the direct lending sector is under scrutiny and highlight how the broader private credit universe, spanning asset based finance, consumer and mortgage credit, and specialty finance, continues to offer diversified and attractive investment opportunities.

Middle East Conflict Clouds the Economic Outlook

Thu, 12 Mar 2026 18:03:00 -0000

In this episode, we discuss how the Middle East conflict could drive a global energy supply shock that heightens inflation risks, pressures growth, and complicates central bank policy decisions.

Behavioral Insights for Investors: Reconciling the Hot Hand and Gambler’s Fallacies.

Thu, 05 Mar 2026 23:03:00 -0000

In this episode, we discuss two seemingly opposite behavioral biases and what they mean for investors.

Tariff Ruling Drives Near-Term Uncertainty, With Potential for Longer-Term Stability

Thu, 26 Feb 2026 21:01:00 -0000

In this episode, we discuss the economic and policy implications of the recent U.S. Supreme Court ruling on tariffs.

The AI-Driven Productivity Tide May Not Lift All Boats

Thu, 19 Feb 2026 21:31:00 -0000

In this episode, we discuss how the rapid adoption of AI is shaping U.S. productivity, investment, and labor markets, creating both economic opportunities and emerging risks.

U.S. Housing Inflation: Stubbornly High to Stubbornly Low

Thu, 12 Feb 2026 21:13:00 -0000

In this episode, we discuss the outlook for U.S. housing prices.

Expect the Unexpected

Mon, 09 Feb 2026 22:47:00 -0000

In this episode, we discuss why surprise, rather than stability, may be the defining feature of 2026 as policy volatility reshapes markets and investment opportunities,

U.S. Policy Update: Warsh Fed Nomination and Texas Special Elections

Thu, 05 Feb 2026 00:17:00 -0000

In this episode, We discuss recent U.S. policy developments, including the Warsh Fed nomination and surprising Democratic gains in Texas special elections.

Under a Warsh Fed, Expect a Thoughtful Policy Approach

Tue, 03 Feb 2026 17:19:00 -0000

In this episode, We discuss how Kevin Warsh, the new Fed chair nominee, would likely look to reduce the size of the Fed's balance sheet and revisit communications policy.

Fed Holds Steady and Signals Longer-Term Easing Bias

Thu, 29 Jan 2026 21:53:00 -0000

In this episode, we discuss how the Fed kept interest rates steady in January while hinting that easing may happen at some point when supported by the economic data.

Why U.S. Productivity Gains No Longer Reach Workers

Fri, 23 Jan 2026 18:32:00 -0000

In this episode, We discuss why recent U.S. productivity gains aren’t boosting worker incomes correspondingly, as more of the benefits flow to large companies instead of labor.

PIMCO Cyclical Outlook - Compounding Opportunity

Tue, 13 Jan 2026 23:50:00 -0000

In this episode, We discuss how, following strong 2025 returns, high quality fixed income continues to offer attractive yields and global diversification at a time of stretched equity valuations and tight credit spreads.

Theory of Mind in Markets

Wed, 10 Dec 2025 23:09:00 -0000

In this episode, Anastasia Buyalskaya, an advisor to PIMCO on behavioral science, discusses how understanding others’ beliefs and expectations can help investors anticipate market reactions beyond raw data.

How Tariffs and Technology Reshaped the U.S. Economy in 2025 – and What Comes Next

Fri, 05 Dec 2025 16:24:00 -0000

In this episode, we discuss how tariffs and rapid AI adoption shaped the U.S. economy in 2025, and what these trends could mean for growth, inflation, and jobs in 2026.

Charting the Year Ahead: Investment Ideas for 2026

Thu, 04 Dec 2025 23:10:00 -0000

In this episode, we explore opportunities across equities, bonds, credit, and commodities that have the potential to offer investors resilience and diversification.

Tariffs Are Here to Stay

Fri, 21 Nov 2025 16:00:00 -0000

In this episode, we discuss how the Supreme Court could affect U.S. tariffs.

The Economics of AI Scale

Thu, 13 Nov 2025 23:16:00 -0000

In this episode, we discuss the potential macroeconomic impacts of AI, and how its incredible possibilities balanced against its risks, costs, and current valuations suggest that a lot is riding on AI’s ability to deliver transformative innovations.

After the Gold Rush The Strategic Role of Commodities in Portfolios

Thu, 13 Nov 2025 20:01:00 -0000

In this episode, we discuss how investors have poured into gold – but they may also see compelling benefits from a broad-based commodity allocation.

Fed Policy in the Fog of Missing Data

Fri, 07 Nov 2025 21:40:00 -0000

In this episode, we discuss how the U.S. government shutdown is obscuring key economic data, prompting the Federal Reserve to potentially delay interest rate cuts due to uncertainty about labor market conditions.

China’s Growth Engine Faces Fresh Challenges

Thu, 30 Oct 2025 19:51:00 -0000

In this episode, we discuss how China’s growth model is being tested by weakening domestic demand and rising global trade barriers.

The discussion and content provided within this podcast is intended for informational purposes only and may not be appropriate for all investors. Reliance upon information provided in a podcast is at the sole responsibility of the listener. The information included herein is not based on any particularized financial situation, or need, and is not intended to be, and should not be construed as, a forecast, research, investment advice or a recommendation for any specific PIMCO or other security, strategy, product or service. Past performance is not a guarantee of future results. All investments contain risk and may lose value. Investors should speak to their financial advisors regarding the investment mix that may be right for them based on their financial situation and investment objective. Podcasts may involve discussions with non-PIMCO personnel and such content contain the current opinions of the speaker but not necessarily those of PIMCO. Other podcasts may consist of audio recording of an existing PIMCO article and such material contains the current opinions of the manager. The opinions\ expressed in all podcasts are subject to change without notice. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. This is not an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to www.pimco.com/gbl/en/general/legal-pages/podcast-disclosures

Cracks Emerge Beneath Market Resilience, Challenging Areas of the U.S. Economy

Thu, 23 Oct 2025 22:16:00 -0000

In this episode, we discuss how recent bankruptcies along with price movements in select markets underscore the widening gap between winners and losers in the U.S. economy.

Tariffs Test AI-Driven Expansion

Fri, 17 Oct 2025 16:34:00 -0000

In this episode, we discuss how underneath the AI-related optimism lifting stock markets are increasing signs that the cost of tariffs is building.

U.S. Shutdown Stalemate: Economic Impact and the Fed’s Next Move

Thu, 09 Oct 2025 22:37:00 -0000

In this episode, we discuss how the U.S. government shutdown could affect the economy and disrupt the data releases that inform investments and Fed policy.

PIMCO Cyclical Outlook - Tariffs, Technology, and Transition

Thu, 02 Oct 2025 00:19:00 -0000

In this episode, we discuss how locking in attractive bond yields can support long-term returns, especially as central banks cut interest rates and tariff effects pose risks to global economic growth and inflation.

Troubling Signals in U.S. Employment Data

Thu, 25 Sep 2025 22:17:00 -0000

In this episode, we take a deeper dive into U.S. labor market data that reveal troubling trends, which will likely prompt more Fed interest rate cuts.

Fed Delivers Dovish Shift, Restarts Rate-Cutting Cycle

Fri, 19 Sep 2025 22:48:00 -0000

In this episode, we discuss how the Federal Reserve cited increasing risks to the U.S. labor market as a reason to ease monetary policy.

U.S. Labor Markets: A Release Valve for Tariff Pressure?

Thu, 18 Sep 2025 20:26:00 -0000

In this episode, we discuss how U.S. companies are absorbing tariffs by cutting labor costs and increasing prices modestly.

PIMCO Perspectives - A Fed Housing Fix That’s Hiding in Plain

Tue, 16 Sep 2025 22:22:00 -0000

In this episode, we discuss how mortgage bond reinvestment could be the Federal Reserve’s most effective and immediate tool to unlock the housing market—without even touching interest rates.

Decision-Making and Behavioral Bias in the Age of AI

Fri, 12 Sep 2025 20:18:00 -0000

In this episode, Anastasia Buyalskaya, an advisor to PIMCO on behavioral science, shares general thoughts on how AI might be used to support investment decision-making, and ways to understand and navigate behavioral biases in connection with AI.

Renewed Challenges to Fed Independence

Fri, 29 Aug 2025 17:21:00 -0000

In this episode, we discuss how President Trump's announcement that he is firing a Federal Reserve governor could be consequential for perceptions of Fed independence, though the potential impact on Fed policy is far from clear.

The Economy Isn’t the Stock Market (and Vice Versa)

Wed, 20 Aug 2025 22:58:00 -0000

In this episode, we discuss this year's disconnect between the performance of the U.S. stock market and that of the U.S. economy more broadly.

U.S. Economic Data: Reliability Is Crucial

Thu, 14 Aug 2025 15:48:00 -0000

In this episode of PIMCO Pod, we discuss the need for more funding and updates at the U.S. Bureau of Labor Statistics to help keep economic data accurate and trustworthy.

Downshifting to Neutral: Labor Market Revisions Spark Fears of Slower Growth

Thu, 07 Aug 2025 22:02:00 -0000

In this episode of PIMCO Pod, we discuss slower U.S. job growth and likely economic cooling, along with the implications for Fed rate cuts.

U.S. Economy: Investment Momentum Meets Policy Uncertainty

Fri, 01 Aug 2025 19:03:00 -0000

In this episode of PIMCO Pod, we discuss how the Fed will likely return to neutral policy by 2026, with no major changes or firing of Chair Powell expected.

Long View on the Fed: A Return to Neutral

Thu, 24 Jul 2025 14:39:00 -0000

In this episode of PIMCO Pod, we discuss how the Fed will likely return to neutral policy by 2026, with no major changes or firing of Chair Powell expected.

The Economic Impact of U.S. Tariffs: Waiting, Watching, and Planning

Fri, 18 Jul 2025 16:04:00 -0000

In this episode of PIMCO Pod, we discuss how U.S. tariffs are mostly hitting businesses, with smaller effects on consumers so far

PIMCO Perspectives - Holding Steady Amid Whipsawing Markets

Thu, 17 Jul 2025 22:19:00 -0000

In this episode of PIMCO Pod, we discuss the outlook for the second half of 2025, which remains favorable for strategies emphasizing globaldiversification and risk mitigation.

Balancing Act: Building Resilient Portfolios in a Changing Landscape

Tue, 01 Jul 2025 15:06:00 -0000

In this episode of PIMCO Pod, we discuss how systematic equity strategies and disciplined diversification can help multi-asset portfolios thrive in unpredictable markets.

Bend, Not Break: Investing in Real Estate Amid Economic Uncertainty

Fri, 27 Jun 2025 19:23:00 -0000

In this episode of PIMCO Pod, we explore why today’s uncertain environment means real estate investors may want to prioritize durable income—andstrategies that can perform even when markets are flat or faltering.

Developed Market Public Debt: A Long Road Ahead

Wed, 25 Jun 2025 22:47:00 -0000

In this episode of PIMCO Pod, we discuss public debt in developed countries and what it means for investors.

U.S. Policy Watch: From Trade to Taxes

Fri, 20 Jun 2025 18:54:00 -0000

In this episode of PIMCO Pod, we discuss how U.S. policymakers' focus is shifting from trade issues toward tax and spending plans, affecting the economy, inflation, and investment.

PIMCO Secular Outlook - The Fragmentation Era

Tue, 10 Jun 2025 20:14:00 -0000

In this episode of PIMCO Pod, we discuss how with the world order in flux, investors can look to fortify portfolios by diversifying across global markets and capitalizing on attractive, high quality yields.

Japan: Rates and Risks Back on the Global Stage

Fri, 06 Jun 2025 15:12:00 -0000

In this episode of PIMCO Pod, we discuss the factors driving recent volatility in Japan’s government bond markets.

The U.S. Current Account: Trade and Fiscal Deficits Are Closely Linked

Thu, 29 May 2025 21:30:00 -0000

In this episode of PIMCO Pod, we discuss how the U.S. trade deficit is linked to its fiscal deficit, and how lessons from history suggest it could be difficult to correct trade imbalances without fiscal reform as well.

Moody’s Downgrade Underscores Tensions Over U.S. Debt Outlook

Wed, 21 May 2025 23:52:00 -0000

In this episode of PIMCO Pod, we discuss how the recent Moody’s downgrade underscores tension over the U.S. debt outlook.

How Does the Data Make You Feel?

Fri, 16 May 2025 15:24:00 -0000

In this episode of PIMCO Pod, we discuss how emotions play a crucial role in investment decision-making by signaling risks, and why managing - not ignoring —these emotions leads to better financial choices.

The Fed Is in a ‘Good Place’ – But for How Long?

Tue, 13 May 2025 19:07:00 -0000

In this episode of PIMCO Pod, we discuss how Fed officials are remaining patient, likely awaiting hard evidence of a weaker U.S. labor market before considering rate cuts.

A Tariff Winter Is Coming?

Thu, 01 May 2025 19:04:00 -0000

In this episode of PIMCO Pod, we discuss how higher tariffs are likely to cause economic disruptions, affect consumer and business activity, and potentially lead to a challenging holiday season for the U.S. economy later this year.

Challenges to Fed Independence

Thu, 24 Apr 2025 15:53:00 -0000

In this episode of PIMCO Pod, we discuss the outlook for Federal Reserve independence amid pressure from the Trump administration.

How Effectively Can the U.S. Economy Untether From China?

Thu, 17 Apr 2025 20:30:00 -0000

We discuss the challenges and implications

of the U.S. economy's efforts to reduce reliance on China amid evolving trade

policies and tariffs.

The discussion and content provided within this podcast is intended for informational purposes

only and may not be appropriate for all investors. Reliance upon information provided in a podcast is at the sole responsibility of the listener. The information included herein is not based on any particularized financial situation, or need, and is not intended to be, and should not be construed as, a forecast, research, investment advice or a recommendation for any specific

and such material contains the current opinions of the manager. The opinions expressed in all podcasts are subject to change without notice. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. This is not

an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to www.pimco.com/gbl/en/general/legal-pages/podcast-disclosures

PIMCO Perspectives - Trade Wars and the U.S. Dollar

Thu, 17 Apr 2025 19:03:00 -0000

In this episode of PIMCO Pod, we discuss how rapid U.S. policy changes pose challenges for investors accustomed to a global financial system anchored in U.S. markets and assets.

The discussion and content provided within this podcast is intended for informational purposes

an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to www.pimco.com/gbl/en/general/legal-pages/podcast-disclosures

Overall U.S. Tariff Level Still High Despite Exemptions

Thu, 17 Apr 2025 14:49:00 -0000

In this episode of PIMCO Pod, we discuss how U.S. tariffs remain high despite recent exemptions for certain products, as the Trump administration remains committed to a broader trade policy agenda.

The discussion and content provided within this podcast is intended for informational purposes

an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to www.pimco.com/gbl/en/general/legal-pages/podcast-disclosures

Navigating Global Market Turbulence

Mon, 14 Apr 2025 22:47:00 -0000

In this episode of PIMCO Pod, Group CIO Dan Ivascyn and Esteban Burbano, fixed income strategist, discuss the impact of U.S. tariffs on global markets, how we’re navigating the turbulence and why flexibility and a higher quality tilt are essential in this evolving environment.

The discussion and content provided within this podcast is intended for informational purposes only and may not be appropriate for all investors. Reliance upon information provided in a podcast is at the sole responsibility of the listener. The information included herein is not based on any particularized financial situation, or need, and is not intended to be, and should not be construed as,a forecast, research, investment advice or a recommendation for any specific PIMCO or other security, strategy, product or service. Past performance is not a guarantee of future results. All investments contain risk and may lose value. Investors should speak to their financial advisors regarding the investment mix that may be right for them based on their financial situation and investment objective. Podcasts may involve discussions with non-PIMCO personnel and such content contain the current opinions of the speaker but not necessarily those of PIMCO. Other podcasts may consist of audio recording of an existing PIMCO article and such material contains the current opinions of the manager. The opinions expressed in all podcasts are subject to change without notice. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. This is not an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to www.pimco.com/gbl/en/general/legal-pages/podcast-disclosures

The U.S. Economy’s Trajectory Amid Higher Tariffs

Fri, 11 Apr 2025 18:09:00 -0000

We discuss the economic effects of the

Trump administration's aggressive tariffs, which could lead to U.S. stagflation

and global contraction while complicating the Federal Reserve's policy path.

The discussion and content provided within this podcast is intended for informational purposes

an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to www.pimco.com/gbl/en/general/legal-pages/podcast-disclosures

President Trump Blinks for Now, But Tariffs Remain High

Fri, 11 Apr 2025 17:54:00 -0000

In this episode of PIMCO Pod, we discuss the significant implications for U.S. and global growth and inflation.

The discussion and content provided within this podcast is intended for informational purposes

PIMCO or other security, strategy, product or service. Past performance is not a guarantee of future results. All investments contain risk and may lose value. Investors should speak to their financial advisors regarding the investment mix that may be right for them based on their financial situation and investment objective. Podcasts may involve discussions with non-PIMCO personnel and such content contain the current opinions of the speaker but not necessarily those of PIMCO. Other podcasts may consist of audio recording of an existing PIMCO article and such material contains the current opinions of the manager. The opinions expressed in all podcasts are subject to change without notice. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. This is not

an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to www.pimco.com/gbl/en/general/legal-pages/podcast-disclosures

Tariff Turbulence: What to Watch, Including Possible Constraints

Tue, 08 Apr 2025 17:49:00 -0000

In this episode of PIMCO Pod, we discuss the Trump administration’s commitment to tariffs as a long-term strategy to rebalance trade policy.

PIMCO Cyclical Outlook - Seeking Stability

Tue, 01 Apr 2025 19:53:00 -0000

In this episode of PIMCO Pod, we discuss a time of sweeping geopolitical change and clear challenges for riskier assets, where bond markets offer a source of stability.

Trade Policy and the U.S. Economy in 2025

Fri, 28 Mar 2025 19:57:00 -0000

In this episode of PIMCO Pod, we look at the impact of the Trump administration's trade policy, especially tariffs, and how this could affect U.S. economic growth and inflation in 2025.

The Challenges of Currency Intervention

Fri, 21 Mar 2025 22:15:00 -0000

In this episode of PIMCO Pod, we explore the challenges facing possible

U.S. efforts to intervene in currency markets.

Vegetables vs. Dessert Under Trump 2.0: Assessing the Economic Impact of Policy Decisions

Thu, 13 Mar 2025 21:45:00 -0000

In this episode of PIMCO Pod, we discuss how the outlook for modest fiscal reforms and increased defense spending are unlikely to significantly boost European economic growth.

Hope and Hype on German and EU Fiscal Reforms

Wed, 05 Mar 2025 02:56:00 -0000

In this episode of PIMCO Pod, we discuss how the outlook for modest fiscal reforms and increased defense spending are unlikely to significantly boost European economic growth.

Reciprocal Tariffs: The Trump Administration’s New Trade Strategy

Fri, 21 Feb 2025 16:38:00 -0000

In this episode of PIMCO Pod, we discuss the Trump administration's plan to scrutinize foreign trading practices and potentially impose reciprocal tariffs to tackle the U.S. trade deficit.

PIMCO Perspectives - Where to Look When Equities Are Priced for Exceptionalism

Fri, 21 Feb 2025 00:20:00 -0000

We discuss how lofty U.S. stock valuations call for a renewed focus on risk assessment and portfolio diversification.

U.S. Labor Market Faces Tighter Immigration Policy

Fri, 14 Feb 2025 18:45:00 -0000

In this episode of PIMCO Pod, we discuss the potential slowdowns in the U.S. labor market and economic growth due to tightened immigration policies, despite previous boosts from immigrant workers.

The Tariff Tug-of-War: Balancing Economic Growth and Trade Relations

Wed, 12 Feb 2025 22:05:00 -0000

In this episode of PIMCO Pod, we explore the delicate balance between protectionism and global cooperation.

What U.S. Tariff Announcements Could Mean for the Economy

Sat, 08 Feb 2025 00:28:00 -0000

In this episode of PIMCO Pod, we discuss the potential economic implications of recent U.S. tariff announcements under the Trump administration.

The Behavioral Lens: Best Practices for Decision-Making Under Uncertainty

Thu, 30 Jan 2025 18:40:00 -0000

In this episode of PIMCO Pod, we discuss behavioral insights to help enhance investors' decision-making processes.

The 5 D’s of Trump’s Second Administration: Key Economic Themes

Thu, 23 Jan 2025 20:56:00 -0000

In this episode of PIMCO Pod, we discuss the high-level outlook for U.S. policy in 2025 along with macroeconomic implications.

PIMCO Cyclical Outlook - Uncertainty Is Certain

Tue, 14 Jan 2025 22:52:00 -0000

In this episode of PIMCO Pod, we discuss how amid an unsettled global economic outlook and elevated equity valuations, bond markets present attractive yields and important diversification benefits.

Tariffs, the Dollar, and the Fed: Crucial Decisions in 2025

Fri, 10 Jan 2025 16:40:00 -0000

In this episode of PIMCO Pod, we discuss how Federal Reserve policy decisions and related currency moves are crucial to the impact and effectiveness of tariffs.

Will We See Bold Policy Choices in the U.S.?

Thu, 19 Dec 2024 14:00:00 -0000

In this episode of PIMCO Pod, we explore President-elect Donald Trump's possible policies and how they could affect U.S. stock markets and the economy.

From Cash to Bonds: A Strategic Shift in Post-Pandemic Investing

Wed, 18 Dec 2024 18:17:00 -0000

In this episode of PIMCO Pod, we discuss how, as cash yields dwindle, the case for fixed income becomes increasingly compelling.

Alternatives Investment Outlook - Private Credit: Asset-Based Finance Shines as Lending Landscape Evolves

Fri, 13 Dec 2024 15:00:00 -0000

In this episode of PIMCO Pod, we discuss how the transition from bank-dominated lending to a diversified financing ecosystem offers unprecedented opportunities for private credit investors.

Global Inflation: Is the Tide Turning?

Wed, 11 Dec 2024 21:30:00 -0000

In this episode of PIMCO Pod, we discuss long-term inflation trends, and the outlook for a potentially more volatile path ahead.

PIMCO Perspectives - Thoughts From the Bond Vigilantes

Tue, 10 Dec 2024 22:33:00 -0000

In this episode of PIMCO Pod, we discuss concerns about the impact of rising deficits on U.S. Treasuries, it helps to differentiate bond investments by maturity, credit rating, and global relative value.

U.S. Debt Dilemma: Politics and Economics

Fri, 29 Nov 2024 16:52:00 -0000

In this episode of PIMCO Pod, we discuss the challenges of the U.S. deficit and debt as President-elect Donald Trump prepares to take office with a Republican Congress.

Fed 2025 Outlook: Hikes Still Unlikely

Thu, 21 Nov 2024 21:31:00 -0000

In this episode of PIMCO Pod, we discuss the Federal Reserve's monetary policy outlook through 2025, emphasizing a return to a more normal economic environment that should allow for further rate cuts despite potential tariff increases under President-elect Donald Trump.

Negative Correlations, Positive Allocations

Wed, 20 Nov 2024 19:04:00 -0000

In this episode of PIMCO Pod, we discuss how the inverse correlation between bonds and stocks has returned, broadening the potential for risk-adjusted returns in multi-asset portfolios.

Economic Changes That U.S. Voters Want to See

Fri, 15 Nov 2024 19:59:00 -0000

In this episode of PIMCO Pod, we delve into the economic risks, benefits, and uncertainties that have emerged in the wake of the recent election.

Trump’s Second Act: What to Expect 2025 and Beyond

Tue, 12 Nov 2024 20:51:00 -0000

In this episode of PIMCO Pod, we discuss how even with Republicans poised to control the White House, the Senate, and the House of Representatives, slim congressional majorities could hinder the president’s efforts to enact his agenda.

Key Policy Questions Likely to Linger After the Election

Wed, 06 Nov 2024 21:12:00 -0000

In this episode of PIMCO Pod, we discuss policy uncertainties that could shape the U.S. economy.

Mixed Signals: Assessing How Markets Might Respond to the U.S. Election

Thu, 31 Oct 2024 17:32:00 -0000

In this episode of PIMCO Pod, we discuss the uncertainty surrounding the direction and magnitude of possible market reactions to the U.S. election.

PIMCO Cyclical Outlook - Securing the Soft Landing

Thu, 10 Oct 2024 23:59:00 -0000

In this episode of PIMCO Pod, we discuss the fixed income outlook which remains strong, as the U.S. Federal Reserve joins other central banks in cutting interest rates.

Starting With a Bang: Fed Cuts Policy

Fri, 20 Sep 2024 15:09:00 -0000

In this episode of PIMCO Pod, we discuss how the Fed is likely on a path to continue to cut rates over the next several meetings to realign monetary policy with a now more “normal” U.S. economy.

PIMCO Perspectives - Cuts and Consequences

Fri, 13 Sep 2024 22:03:00 -0000

In this episode of PIMCO Pod, we explore how balanced risks to inflation and employment indicate it’s time for the Fed to normalize interest rates, enhancing a positive backdrop for bonds.

Powell on Fed Policy Moves: The Time Has Come

Tue, 27 Aug 2024 15:44:00 -0000

In this episode of PIMCO Pod, we explore Fed Chair Powell’s annual Jackson Hole speech, where he assessed the post-pandemic U.S. economy and suggested rate cuts are coming soon.

PIMCO Perspectives - Summer of Dispersion

Thu, 08 Aug 2024 23:07:00 -0000

In this episode of PIMCO Pod, we explore the dispersion playing out across monetary policy and financial markets.

PIMCO Real Estate Outlook - Facing the Music: Challenges and Opportunities in Today’s Commercial Real Estate Market

Wed, 24 Jul 2024 16:14:00 -0000

In this episode of PIMCO Pod, we discuss findings from the firm’s second annual Global Real Estate Investment Forum, including secular trends across regions and sectors.

Major Shakeup in U.S. Election Diminishes Odds of a Republican Sweep

Tue, 23 Jul 2024 14:51:00 -0000

In this episode of PIMCO Pod, we discuss how the likelihood of Vice President Kamala Harris becoming the Democratic nominee has shifted the race for the White House and improved congressional Democratic prospects.

PIMCO Perspectives - The Cost of Cash: A $6 Trillion Question

Mon, 01 Jul 2024 15:00:00 -0000

In this episode of PIMCO Pod, we share how the return of elevated bond yields comes at an opportune time to consider shifting out of cash.

PIMCO Secular Outlook - Yield Advantage

Wed, 26 Jun 2024 23:10:00 -0000

In this episode of PIMCO Pod, we explore how economic forces have produced a generational reset higher in bond yields - and a compelling outlook for fixed income.