Inflation’s sticky grip: why central banks are coming back for more
Markets are delaying predictions of hoped-for interest rate cuts until early 2024, with more increases ahead if inflation pressures don’t dissipate faster.
The contours of the global investment outlook are shifting as the European and UK economies avoid recessions for now, and debate about a more delayed downturn in the US intensifies.
Growth is proving more resilient than many expected. So, it’s not surprising that inflation – while beginning to navigate a downward trend – is proving stickier, especially for services prices.
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Scott Haslem is chief investment officer at LGT Crestone.
