Pimco Issues Inflation Warning at a Time When Costs Are Falling
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Pacific Investment Management Co. says U.S. inflation is poised to quicken -- at a time when costs are falling at the fastest pace in five years.
Pimco, which runs the world’s biggest actively managed bond fund, said it likes Treasury Inflation Protected Securities. Federal Reserve efforts to spur the economy will push prices high enough to surprise investors, according to the company.