Brett Gillespie, Head of Global Macro, shares his inflation insights with Graham Rich at Portfolio Construction Forum. https://www.youtube.com/watch?v=kYU-XHRVPX0
Stock markets are thriving in a “Goldilocks” environment of higher global growth, benign inflation and low interest rates. But while these conditions may persist in the near-term, there is a growing risk of the US economy over-heating, which would force the Federal Reserve to tighten policy faster than expected. Investors should keep a close eye on inflation and wages data.