Invesco Chief Forsees Another Great Inflation
At 5.4%, US CPI inflation in June reached the highest level since September 1990, with the core PCE rate (personal consumption expenditures) overshooting the US Federal Reserve’s target rate of 2% by 1.5 percentage points. Nonetheless, after steep increases in the period to the end of March, 10-year Treasury bond yields have generally fallen since […]
