If the global economy persistently goes from one transitory source of inflation to the next, it may keep inflation elevated for longer than markets currently anticipate
- Persistently going from one transitory source of inflation to the next may keep inflation elevated for longer than markets currently anticipate.
- A rising number of labor strikes hint that workers demanding higher wages could be a next source of inflationary pressure, following the transitory effects of supply shortages and soaring energy prices.
- The lift to earnings from inflation may more than offset any compression on stock valuations from any tightening of financial conditions, given the more relaxed inflation mandates of central banks.
Inflation: Persistently Transitory
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