1. The US economy has shown resilience despite aggressive tightening policies, but consumer fatigue and inflation pose challenges. 2. The Fed is expected to cut interest rates to sustain the recovery, balancing economic growth and inflation. 3. Equities, particularly in tech and AI, have outperformed, but market volatility is expected to increase as earnings face challenges and the Presidential election approaches.

1. Inflation easing may lead to a faster Fed pivot, benefiting PIMCO Dynamic Income Fund. 2. The fund has shifted to overweight high-yield credit since March. 3. Potential rate cuts could expand the price differential between net asset value and market price.

1. Inflation in the US cooled to 3.0% in June, the lowest level in a year. 2. Both headline and core CPI figures were lower than expected. 3. The Federal Reserve's target inflation rate remains at 2%, with current core PCE above this target.

1. The 10Y yield is in the 4.25-4.30% range, seeking a reason to decline. The CPI report will determine the direction, with expectations for lower yields. 2. Eurozone markets do not anticipate a rate-cutting cycle, contrasting with the US. 3. Services sector inflation remains a concern, needing further calming.

1. Over 26 million employees received more than 52 billion euros in inflation compensation premiums. 2. The premiums have stabilized the economy and reduced people's concerns. 3. The study indicates that the premiums have significantly contributed to financial relief, stabilized purchasing power, and improved trust in political institutions.