Settle in and get comfortable — even
as the global reflation story plays out, we expect the Bank to be cautious.
Not exact matches
Wage growth, long missing in the post-crisis expansion, is a crucial part of the reflationary dynamic,
as we write in our new
Global Macro Outlook Waking up to
reflation.
We see this pointing to an even bigger earnings boost from stronger
global activity
as reflation accelerates and broadens.
BlackRock's base case for 2017 is that U.S. - led
global reflation will accelerate, bond yields will gradually move higher and returns will remain low, as we write in our 2017 Global Investment Ou
global reflation will accelerate, bond yields will gradually move higher and returns will remain low,
as we write in our 2017
Global Investment Ou
Global Investment Outlook.
We see this dynamic
as alive and well, with the
global economy moving from acceleration to a phase of sustained growth,
as I write in my new Fixed Income Strategy piece Reevaluating
reflation.
We believe they should disproportionately benefit from
global reflation,
as well
as a potential pickup in Japanese growth ahead.
One reason:
Global fixed income markets are becoming increasingly interdependent,
as I write in my new Fixed Income Strategy piece Reevaluating
reflation.