As we approach the halfway point of the year, all eyes remain on Federal Reserve policy and the pace of inflation’s downward trend.

Fed Chair Powell puts stagflation in context: GDP is bubbling along and inflation is on a yearlong cooling path, giving bond investors reason for optimism.

Just like we thought investors were too optimistic to start the year, we feel the outlook for monetary policy is too pessimistic now.

Our investment professionals weigh in on the impact of delayed rate cuts on portfolios and investor behavior.

Reproduced with permission from AllianzGI

Our panel of property pros and macro mavens discuss who’s hurting, who’s investing, and where to put money to work now.

While the Fed wants to cut rates, an uneven decline in inflation delays action—but remember the trend matters more than the “when.”

Experienced active managers can capitalize on opportunities that fall outside their benchmarks and can manage unwanted concentrations. This has historically resulted in relatively high success rates in generating alpha.