The latest firms survey shows that inflation (CPI) is the single most important problem because consumers will cut back on their spending.
1 business factor that affects inflation is wage growth and it is rising rapidly because of the jobs mismatch in the labour market.
Another bad news is the financial situation has been deteriorating. This will definitely affect future investments and expenditures.
Moreover, IMF will be downgrading the global economic growth soon.
As stated recently, we believed that the Fed would be cutting a 75bp in July 2022. Goldman Sachs has just supported our stance on this.
.jpg)
No comments:
Post a Comment