The inflation debate heats up
b'Thursday 21st October 2021Equities are rising to new highs as risk sentiment improves on the back of strong earnings results in the US, even though inflation remains an ever-present concern. NAB\\u2019s David de Garis says the Fed\\u2019s Beige Book, out this morning, highlights how many companies are convinced they can pass on their increased costs, with consumers paying through increased wages. If that\\u2019s the case has Jerome Powell been right all along, that inflation is transitory? It remains the subject of intense debate. The head of the Bundesbank has announced his resignation, citing personal reasons, but could it also be his objection to ECB\\u2019s delay in tackling inflation? And could the Bank of England\\u2019s plans by stymied as COVID infection rates start to rise again, quite significantly.
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