S&P 500 to 5000: Within reach thanks to virtual reality
Inflation was a topic of focus at CIO Day deliberations. US and Europe’s inflation in 2021 exceeded many investor’s expectations and especially central bank targets. The 2022 inflation outlook depends not only on the ability of the supply-side to resolve pandemic disruptions and deliver healthy productivity gains in this new cycle, but also on the right timing and magnitude of monetary policy.
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