Pubblicato in: Banche Centrali, Devoluzione socialismo, Stati Uniti

Usa. Inflazione elevata per almeno ancora quattro anni. – BofA.

Giuseppe Sandro Mela.

2021-07-18.

         FED 001

«U.S. inflation likely to remain elevated for up to four years»

«BofA expects U.S. inflation to remain elevated for two to four years, against a rising perception of it being transitory, and it said that only a market crash would prevent central banks from tightening in the next six months»

«It was “fascinating so many deem inflation as transitory when stimulus, economic growth, asset/commodity/housing inflations deemed permanent”»

«inflation will remain in the 2%-4% range over the next 2-4 years»

«U.S. Federal Reserve Chairman Jerome Powell on Tuesday vowed to not raise rates not just out of fear of potential rising inflation»

«In the week to Wednesday, investors loaded $7 billion into equities and $9.9 billion into bond funds, while pulling $53.5 billion from cash funds, BofA calculated, using EPFR data»

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È tutto un fiorire di discussioni sulla inflazione nei paesi occidentali, con gli occhi puntati sulla Fed.

Per non parlare poi delle previsioni: sembrerebbe quasi che il fare prognostici sia diventato un diritto fondamentale.

La relazione della Bank of America sembrerebbe essere una delle più ragionevoli.

Preso atto che l’inflazione è retta dai macrodati fondamentali, strutturali, la BofA la prevede di lunga durata e con valori variabili tra il 2% ed il 4%.

Ovviamente, interventi massicci della Federal Reserve potrebbe rendere tali stime sorpassate.

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U.S. inflation likely to remain elevated for up to four years – BofA

BofA expects U.S. inflation to remain elevated for two to four years, against a rising perception of it being transitory, and it said that only a market crash would prevent central banks from tightening in the next six months.

It was “fascinating so many deem inflation as transitory when stimulus, economic growth, asset/commodity/housing inflations deemed permanent”, the investment bank’s top strategist Michael Hatnett said in a note on Friday.

Hartnett thinks inflation will remain in the 2%-4% range over the next 2-4 years.

U.S. Federal Reserve Chairman Jerome Powell on Tuesday vowed to not raise rates not just out of fear of potential rising inflation, a move to soothe investor nerves after a hawkish monetary policy meeting last week.

In the week to Wednesday, investors loaded $7 billion into equities and $9.9 billion into bond funds, while pulling $53.5 billion from cash funds, BofA calculated, using EPFR data.

Within equities, emerging market funds saw outflows of $1.6 billion – the largest since September 2020.