Posted 1/18/2024, 7:51:00 PM
Strategist Warns Inflation Likely to Stay High Without Economic Sacrifice
- Inflation unlikely to fall to 2% without economic pain, according to SEI strategist James Solloway
- Oil price spikes could lead to higher inflation if Middle East tensions escalate
- Wage pressures and underlying cost increases suggest inflation will stay elevated
- Markets seem to expect pre-pandemic low inflation, but we're in a new higher inflation regime
- S&P 500 correction possible if perceptions shift on inflation, growth, central banks, profits