Paul Donovan's Daily Audio: Inflation Bonanza

UBS Chief Economist Paul Donovan notes that US headline inflation is expected to rise due to energy cost pass-throughs from the Iran war. Despite these price pressures, consumer demand remains robust as households draw down savings.

Key Takeaways

• 1.US May headline consumer price inflation is expected to rise as costs from the Iran war are passed to consumers.
• 2.US consumer demand remains resilient as savings are used to offset higher oil-impacted prices.
• 3.China's May consumer price gains were lower than expected due to falling pork prices.

Table of Contents

• Audio
• Global asset class preferences definitions
• Appendix
• Risk information
• Generic investment research – Risk information

Document Preview

Page 1 of 1

Subscribe for full accessStart Free Trial