{"id":578724,"date":"2023-01-11T04:07:20","date_gmt":"2023-01-11T04:07:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/11\/high-inflation-and-high-rates-could-be-here-to-stay-say-global-asset-managers\/"},"modified":"2023-01-11T04:07:20","modified_gmt":"2023-01-11T04:07:20","slug":"high-inflation-and-high-rates-could-be-here-to-stay-say-global-asset-managers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/11\/high-inflation-and-high-rates-could-be-here-to-stay-say-global-asset-managers\/","title":{"rendered":"High inflation and high rates could be here to stay, say global asset managers"},"content":{"rendered":"

<\/a> Don\u2019t underestimate inflation \u2014 or how far the Fed will go to rein it in: <\/strong>That\u2019s the message to markets from major asset managers including BlackRock Inc, Fidelity Investments and Carmignac, Bloomberg<\/a> reports. Investors expecting inflation and rates to peak in 2023 may well be disappointed in the same way they were in 2022, when both debt and equities markets were blindsided by relentless price hikes, the analysts say. \u201cInflation is here to stay,\u201d said Carmignac\u2019s Frederic Leroux. \u201cAt some point the market will have to understand that more rate hikes are coming.\u201d<\/p>\n

The Fed is not about to hit reverse: <\/strong>\u201cCentral banks are unlikely to come to the rescue with rapid rate cuts in recessions they engineered to bring down inflation to policy targets,\u201d BlackRock analysts said. US Federal Reserve officials have indicated<\/a> that they won\u2019t hesitate to continue upping rates in a bid to bring inflation back to their 2% target, though they could go for relatively smaller hikes of 25 basis points to mitigate the pain.<\/p>\n

ALSO WORTH NOTING-<\/strong><\/p>\n