New Cogent Syndicated report from Escalent shows affluent investors (with $100,000 or more in investable assets) are feeling strains of inflation.
Allianz chief economic adviser and noted economist Mohamed El-Erian said he thinks the Federal Reserve has been too optimistic about inflation coming.
As US economy veered toward biggest inflation shock in four decades, investors flocked to one corner of Wall Street that seemed a refuge: Treasuries.
Market’s optimism that inflation peaked is misguided as potential spike in energy costs in 2023 could keep prices elevated and interest rates high.
BofA still a believer in the Fed pivot, even as monetary officials signal their resolve to keep policy tight next year to crush elevated inflation.
Federal Reserve policymakers stressed on Monday that they will raise borrowing costs further to curb inflation.
Inflation has soared to a 40-year-high, and like nearly everything else, auto insurance rates are increasing.
