Inflation: passing or permanent? | October 2021
Economic recovery and inflation are increasingly being shaped by supply-chain issues: notably labour shortages and production bottlenecks. Manufacturers say a lack of equipment and materials are limiting production, while transport costs have surged.
These shortages could have a lingering impact on inflation, which is now being felt across a range of sectors. Labour shortages are forcing employers to raise wages. Provided the business cycle does not end abruptly, the environment still favours equities over bonds. Nevertheless, the risk for markets is that higher inflation becomes more entrenched, forcing central banks to raise rates.
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This episode was recorded on 30/09/2021
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The Pulse from Smith & Williamson
Investment Show: Inflation: passing or permanent?
Broadcast on Smith & Williamson at 09:00, 30th of September 2021
Available online from 10:00 on the same day.