Tiffany Wilding
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The outlook for U.S. growth and inflation hinges on the ability of U.S. supply chains to pivot out of China fairly quickly, a process that won’t be seamless.
Unpacking Global Fiscal and Trade Imbalances
PIMCO Economist Tiffany Wilding shares her analysis of select countries’ fiscal and trade imbalances influencing recent U.S. tariff policy and their implications for inflation and recession risks.
Policy Volatility and Market Implications
Recent market turbulence underscores a shifting global outlook as tariffs usher in a new economic era.
Tariff policies have the potential to drive stagflation in the U.S. and contraction in other countries, and to complicate the Federal Reserve’s monetary decisions.
Seeking Stability
At a time of sweeping geopolitical change and clear challenges for riskier assets, bond markets offer a source of stability.
Mounting risks to growth and inflation have the Federal Reserve taking a cautious approach to monetary policy.
Navigating Global Macro Risks in 2025
Explore the evolving risks and opportunities affecting global growth and inflation in our 2025 outlook with PIMCO economist Tiffany Wilding.
The first trade skirmish of the second Trump administration has reverberated through global markets, highlighting the ongoing uncertainty in international trade relations.
Uncertainty Is Certain
Amid an unsettled global economic outlook and elevated equity valuations, bond markets present attractive yields and important diversification benefits.