VGIT - Inflation Progress May Be Bumpy But Is Likely To Continue
2024-04-17 05:00:00 ET
Summary
- Inflation cooled substantially last year, but upside surprises in early 2024 for the US and Europe have many investors concerned that the path back to normal has hit a roadblock.
- Fighting inflation is a long game, and global central banks seem to be making continued progress, with most likely to maintain their policy-easing bias despite recent upticks.
- Inflation and the economic outlook are only two of many inputs to strategic and tactical multi-asset decisions, but we think they represent positive signs for risk assets, including stocks.
Inflation Remains High, but Is Improving in More Economies
Historical analysis does not guarantee future results. OECD: Organisation for Economic Co-operation and Development Major economies’ core inflation based on local Consumer Price Index As of March 27, 2024 (Source: Haver Analytics, OECD and AllianceBernstein (AB))
