Finance
PIMCO Expert Sees Inflation Lag, Favors Shorter Bonds
PIMCO Vice Chair John Studzinski believes Federal Reserve nominee Kevin Warsh handled his Senate testimony well, affirming his independence. Studzinski anticipates a Fed pause next week but sees potential for one more rate cut by year-end, citing lagging inflation impacts from energy and supply chain shocks. He favors shorter-duration bonds amidst market volatility.