Bloomberg/Libby Cherry and Liz McCormick/8-22-2022
“But the retreat of inflation from its peak isn’t likely to mark a return to the price stability of the recent past because of stark shifts in the world economy, according to a broad group of investors and strategists at firms including Pacific Investment Management Co., Capital Group and Union Investment.”
USAGOLD note: It remains to be seen whether or not we have already achieved peak inflation. With projections of a 19% inflation rate in the United Kingdom in the mix, evidence is beginning to mount that such calls might be overly optimistic. Pimco and Capital’s call for a new era of inflation is in keeping with similar projections from an expanding group of top-drawer analysts.
