Inflation's Back and Commodities Will Benefit, JPMorgan Says
- Raw materials rallied in January to highest level since 2015
- Metals show ‘best performance’ when inflation quickens to 2%
Saxo Bank's Jakobsen Says the Market Is Getting Inflation Wrong
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Inflation’s back and raw materials stand to benefit, according to JPMorgan Chase & Co., which has raised price forecasts for metals.
“Inflation has come and it should be good for commodities,” the bank said in a report received on Wednesday. Among signs of the shift, JPMorgan cited stronger U.S. wage numbers as well as recent core consumer price inflation.