Commodities down, but inflation fears stay high
A sharp fall in commodity prices hasn\u2019t dampening inflation expectations, and with it the assumption that central banks will bring interest rates forward. NAB\u2019s David de Garis says it\u2019s been a day when bond markets in particular have particularly been bitten the inflation bug, with pricing suggesting inflation will average three percent over the next five years, even higher in the UK. Two surveys highlighted that supply chain difficulties continue, the Philly Fed\u2019s Business Outlook, and the CBI Optimism Index. The CBI survey showed that two thirds of UK businesses were complaining of supply shortages, the last time it was that high was in January 1975. Oh dear.
Hosted on Acast. See acast.com/privacy for more information.