World’s Biggest Money Managers Are Divided on Inflation’s Path
- Allianz Global, TCW in camp saying central banks will prevail
- BlackRock, DoubleLine among those seeing sticky inflation
A woman shops at a supermarket in Santa Monica, California.
Photographer: Apu Gomes/AFP/Getty ImagesThis article is for subscribers only.
More and more, the world’s biggest money managers are split over how much further inflation will retreat from the highest levels in decades.
It’s a debate that matters more than ever, as bond traders ponder the end of the Federal Reserve’s aggressive campaign of interest-rate hikes and wager on cuts starting within months.