US inflation has reached a 40 year high, increasing seven percent year-on-year for the first time since June 1982.
Inflationary pressures have been rising globally over the past months. Originally dubbed as merely “transitory”, some wealth managers are starting to wonder if inflation may linger for longer than they first thought.
The December US data shows headline CPI inflation rose 7 percent year-on-year. This was largely in line with economists’ expecta...
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