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Pimco Is Among Bondholders Calling an End to Low-Inflation Era

  • Pandemic, geopolitics mark shift away from deflationary trends
  • Investors see inflation holding above central-bank targets
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What to Watch for in Powell’s Jackson Hole Message
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Some of the world’s biggest bond investors say the market is wrong to expect central banks to score a long-term win in the war against inflation.

There’s little doubt that interest-rate hikes from policy makers in the US and Europe will pull consumer-price increases down from the fastest pace in decades by slowing economic growth or setting off recessions.