Economics
Most Central Banks Seen as Behind the Curve in Global Survey
- Value stocks identified as preferred inflation hedge
- Bitcoin snubbed by market professionals, individual investors
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It’s official: investors reckon that central banks are behind the curve on battling inflation -- and that value stocks provide the best hedge against rising prices.
Of 886 investors who took part in MLIV’s inaugural weekly survey, 73% voted that either “all” or “most” monetary authorities in developed markets haven’t done enough to quell inflation. While headline U.S. inflation has run way above 2% for a year now, the Federal Reserve was purchasing bonds until recently and raised rates for the first time this cycle only last week.