Have we reached peak growth and peak inflation?

Growth and inflation have peaked and this year’s broad-based economic resilience will likely give way to weakness next year as sources of fiscal support diminish and the delayed effects of tighter monetary policy exert a stronger global influence, says PIMCO. Yet, strong prospects for bonds remain across scenarios and PIMCO outlines three investment themes for fixed income including a compelling outlook given starting yields and the economic outlook and diversified sources of risk and return.