Aug
11
J.P. Morgan Asset Warns on Inflation as Bond Market Sees Uptick
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Forecasts for low U.S. inflation are outdated, Mandel says
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Global bond-market inflation outlook jumps to eight-month high
J.P. Morgan Asset Management, overseeing $1.7 trillion, says U.S. inflation is picking up.
“U.S. inflation has actually come back,” Benjamin Mandel, a strategist for the company in New York, said Thursday on Bloomberg Television. “This idea that U.S. inflation is low and is always going to be low is an anachronism.”
Bond yields indicate investors expect inflation worldwide of 1.17 percent, the highest level in eight months. The number is derived by comparing yields on nominal bonds to those on inflation-linked debt, using Bank of America indexes. It’s still less than the 2 percent target set by the central banks in the U.S., the U.K. and Japan…
J.P. Morgan Asset Warns on Inflation as Bond Market Sees Uptick
