The Temptation to Call the End of Inflation
The markets are leaning toward a view that inflation will be brought to heel. Meanwhile, China investments are starting to look interesting again, but there are still pitfalls.
Higher wages.
Photographer: Photo by Jonathan Wiggs/The Boston Globe via Getty Images
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What have we got to be afraid of? The 2022 drama of the word’s fight against the return of inflation is about to reach its final act. After the US consumer price index on Tuesday, the Federal Reserve holds its last monetary policy meeting for the year on Wednesday, to be followed the next day by the European Central Bank, Bank of England, Swiss National Bank, and Norway's Norges Bank. Then finally, with any luck, we can all enjoy the World Cup final and send the world into mothballs for the Christmas and New Year holidays.