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Search resuls for: "Dom Wilson"


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Can that real wage growth persist if the jobs market now loosens with a lag from the swingeing five percentage points of rate hikes in just 15 months? What's more, other surveys have yet to show inflation expectations falling so sharply or lifting confidence. The possibility of a disinflation spur to demand at this juncture may complicate that picture considerably. Importantly, the slower fall in inflation in both Britain and the euro zone means real wage growth remains negative - unlike the latest twist stateside. Bank of America chart on investor survey growth outlookReuters GraphicsThe opinions expressed here are those of the author, a columnist for Reutersby Mike Dolan, Twitter: @reutersMikeD.
Persons: it's, Goldman Sachs, Dom Wilson, Mike Dolan, Alexander Smith Organizations: University of, U.S . Federal Reserve, Bank of America, Bank of, UBS Global Wealth Management, Fed, Reuters, Twitter, Thomson Locations: Michigan, Europe, Britain
"The latest round of China reopening hopes have helped drive us higher here again," he told clients. Any change to that scenario may be a positive impulse for cyclical stocks, it said, but it adds to the inflation headache for central banks. "The somewhat negative implication of stronger China growth is that it would likely add to global inflationary pressure. "We suspect Chinese re-opening (will) imply upside risks to commodity prices and global rates." But even with a G20 summit due next week, global cooperation has been in short supply in fractious 2022.
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