The US Federal Reserve received an unwelcomed new year’s present last night with a US CPI reading of 7% - an inflation rate that we haven’t seen since the early 1980s.
At just 1.4% a year ago, this is an extraordinary explosion of pricing pressure, which firmly moves inflation to the number 1 priority for policymakers, both fiscal and monetary.
Join Guy Monson as he explores what impact this will have on policy, how it varies across regional markets, and what this means for your portfolio in his first six minute strategy update for 2022.