US inflation hits a 13-year high & Goldman Sach’s chief economist explains
US inflation rose more than expected in April, with the Consumer Price Index coming in at 4.2% – its highest level for more than a decade. James Ashley, chief economist at Goldman Sachs, talks to us about all things inflation.
In this interview we cover the following:
- Why should UK investors care about US inflation? [0:28]
- What’s happening at the moment in the US? [0:50]
- What’s the impact on US stock and bond markets? [3:25]
- How willing are central banks to look through this temporary spike of inflation? [4:48]
- What asset classes do best in this environment? [7:30]
- Emerging markets or developed markets? [9:11]
- Growth or value? [10:14]
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