Unemployment levels continue to fall while inflation rises. Combined, this has wealth managers predicting an interest rate hike will come sooner rather than later.
Inflation stood at 4.2 percent in October, up from 3.1 percent in September and ahead of forecasts of 3.9 percent. This is the highest level in nearly a decade.
However, inflation is unlikely to have peaked yet.
Dan Boardman-Weston, the chief investment officer at BRI Wealth Management, believes the level of inflation is going to “keep getting worse over the coming months as supply stays stretched, demand stays robust and base effects technically ...