Inflation Lower Than Expected But Goldilocks Economy Goal Still Elusive And Stagflation Fears Persist
“The latest CPI reading has come in a touch lower than August at 3.1%, after the artificial blip from last year’s Eat Our to Help Out scheme dropped out of the figures. Q3 2021 hedge fund letters, conferences and more Reaching A 4% Inflation TargetIt is forecast to reach 4%, double the Bank of England’s target by the end of the year, and potentially 5% by next April. With prices staying stubbornly high and another surge expected, a gentle rise in interest rates before the end of the year still looks likely if there is any chance of keeping a Goldilocks economy within reach. Too much inflation ...