Hedge-fund giant sees growing threat of a ‘1970s-style’ inflation shock: report
One of the world’s largest macro hedge funds sees a rising risk of a 1970s-type wage-price spiral, according to a Thursday news report.
A... One of the world’s largest macro hedge funds sees a rising risk of a 1970s-type wage-price spiral, according to a Thursday news report. Brevan Howard said the Fed is “significantly” behind the curve when it comes to raising rates, according to the report, saying rates should be between 4% to 6%. Inflation has been running hot as the economy deals with supply-chain bottlenecks and strong consumer demand for goods, both tied to the effects of the COVID-19 pandemic. Russia’s invasion of Ukraine has stoked those inflation worries by contributing to a surge in a range of commodity prices, including oil, wheat and key industrial metals.
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