‘Team Transitory’ Joined by Citi Strategists in Inflation Debate
- Bank’s strategists expect core CPI peaking in February 2022
- Inflation in October seen jumping 5.9% from a year ago
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It may be time for investors to start positioning for inflation moves -- but not in the way they think.
The hottest debate in economics this year has been whether rising prices will be sticky or short-lived. And “team transitory” just got a nod of support from Citigroup. While inflation will likely keep climbing in the next few months, the bank’s strategists led by Scott Chronert are urging clients to start positioning for the decline.