What’s interesting in this article is that it isn’t just about inflation and markets are pricing a regime shift : energy shocks leads to a persistent inflation pressure, central banks stay tighter for longer and debt-heavy economies face a rising financing stress. So even if the inflation stabilizes the financial conditions can keep to tighten.
1 Comment
What’s interesting in this article is that it isn’t just about inflation and markets are pricing a regime shift : energy shocks leads to a persistent inflation pressure, central banks stay tighter for longer and debt-heavy economies face a rising financing stress. So even if the inflation stabilizes the financial conditions can keep to tighten.