This Stock Strategist Says We’ll See 5% Inflation for the Next Decade
- Fed’s 2% target is a ‘made-up number,’ says Deluard at StoneX
- Economic growth has been faster with inflation in 4%-5% range
The Marriner S. Eccles Federal Reserve building in Washington, DC.
Photographer: Graeme Sloan/BloombergThis article is for subscribers only.
While the crypto horror show rages on, stocks have quietly rallied almost 10% in the last month amid cautious optimism that the worst of the inflation shock is over.
But might it be a head-fake? And what’s in store for equities in 2023? Vincent Deluard, director of global macro strategy at StoneX Financial, joins this week’s “What Goes Up” podcast to talk about why he’s not convinced inflation will fall anytime soon.