UBS Predicts 'Roaring 20s' US Growth Despite Lingering Inflation Concerns
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UBS economists predict a "roaring 20s" decade of economic growth for the US, citing recent resilience.
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US GDP grew 4.9% in Q3 2022, the fastest rate in nearly 2 years, boosted by a 4% rise in consumer spending.
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Inflation has cooled from 9.1% but remains above the Fed's 2% target at 3.7% in September.
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Higher volatility could be a feature due to correlation between stocks and bonds as well as inflation volatility.
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Billionaire investor Ken Griffin warns high inflation could persist for decades due to global unrest and deglobalization.