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Financial Times - Bond fund giant Pimco prepares for ‘harder landing’ in global economy

Summary of the front page

The world’s largest bond fund manager Pimco saying that the markets are “too optimistic” about central banks, such as the Federal Reserve and the Bank of England, being able to control inflation and avert recession, is the top story in the Financial Times.

The company’s chief investment officer, Daniel Ivascyn, has said he is preparing for a “harder landing” than other investors, the paper writes.

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