PGIM’s asset managers provide forward-looking analyses of market forces impacting the coming quarter, and concise reviews of key market activity, formulated for the institutional investor.

Peak Insights: US 2018 CRE Permanent Debt Outlook

2018 is poised to be a good year to borrow. Permanent CRE debt capital markets are awash with liquidity, and strong competition among lenders will likely result in tightening credit spreads and loosening loan structures. With rising short- and long-term interest rates, borrowers may look to convert floating-rate financing into long-term, fixed-rate loans.


All Eyes on Productivity

In this edition of QMA's Market Pulse, "All Eyes on Productivity," QMA's Global Multi-Asset Solutions team explains why productivity growth is one of the metrics it is watching for clues to the staying power of the current economic and market cycle. The team notes that the past decade of anemic productivity growth would ordinarily be a cause for pessimism on this front, but also highlights the early signs it is seeing of a productivity pickup, and how this could yet spawn a new virtuous cycle of rising wages, benign inflation conditions and higher GDP growth.

What's Driving Global Inflation?

Nathan Sheets, PhD, Chief Economist and Head of Global Macroeconomic Research, George Jiranek, Analyst, Global Macroeconomic Research

Across the major advanced and emerging market economies, inflation has remained remarkably low and stable in the face of diverse economic conditions and shocks. In this paper, we look more deeply at the global inflation process and assess some of the underlying factors that have influenced its recent performance.


Following in Japan's Footsteps: Have the U.S. and Euro Area Seen a "Lost Decade"?

When the Japanese financial bubble burst in the early 1990s, the resulting developments looked idiosyncratic and unusual to analysts elsewhere in the world. Now, more than 25 years after the bursting of the bubble, the Japanese experience looks much less idiosyncratic. The U.S. and Europe, in the aftermath of the global financial crisis, seem to be experiencing many of the same headwinds that Japan did two decades ago. In our comparison of the experiences of these three major economies, we draw some conclusions about what may lie in store for the U.S. and euro area economies.


Q1 2018 Market Outlooks

The global economy is synchronized, experiencing accelerated growth and is essentially firing on all cylinders. As the global economic expansion shifts into gear, yet again, will 2017 be a tough act to follow?

Implications of U.S. Tax Reform

President Trump and Congressional Republicans won a clear victory with the passing of the Tax Cuts and Jobs Act. As the largest tax overhaul in 30 years, the legislation will undeniably have some effects on the markets and economic growth in 2018 and beyond. Here we provide a range of insights about the potential implications of the tax bill from our asset class experts.

The 20th Annual Milken Institute Global Conference

"Building Meaningful Lives"
April 30 - May 3, 2017 | Los Angeles

PGIM is proud to be a gold sponsor of the 20th Annual Milken Institute Global Conference, which brings together brilliant minds that possess the ability to move the world forward in a variety of ways. Milken’s commitment to the power of ideas makes this a dynamic forum where we can contribute our expertise while gaining new ideas from the vast network of accomplished and influential people from all over the globe.