Pimco Prepares for ‘Harder Landing’ for Global Economy: FT

Pacific Investment Management Co. Chief Investment Officer Daniel Ivascyn is preparing for a “harder landing” than other investors as central bank chiefs prepare to continue raising interest rates, he said in an interview with the Financial Times.

“The more tightening that people feel motivated to do, the more uncertainty around these lags and the greater risk to more extreme economic outlooks,” Ivascyn told the newspaper.