Despite being prepared for the worst, no one was quite ready for the US inflation numbers published this week. The US consumer price index rose by 4.2% for April, well ahead of the already high estimate of 3.6%.
Join Guy Monson as he explains what this means for asset allocation, and expands on the week’s highlights:
- US job openings peaked at 8.1million for the first time
- A 6% global growth rate is expected – the highest in almost 50 years
- Supply chains are stretched with longest receipt duration at 79 days