The question is: Has the aircraft carrier of rising global inflation finally left port?
Big fiscal stimulus planned in U.S. with labor shortages. Hmm…. And tariffs on imports increasing.
Even China has reversed its deflationary forces.
But, we have no doubt, central banks are going to allow inflation to run hot for awhile. Beats and easier to contain than deflation. That is until they panic.
The return of inflation a new market theme? Stay tuned.
Euro zone inflation jumped to 1.9 percent in April from 1.5 percent in March driven by energy prices, flash data showed Friday. Inflation is now at its highest level since 2013.
The biggest increase among the main components was seen in services, which rose to 1.8 percent from 1 percent in March. – CNBC