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Market Watch: Fund Managers are Overwhelmingly Forecasting Stagflation Next Year with No One Anticipating Goldilocks Scenario

November 15, 2022
Gold Hedge Against Inflation

Article by Steve Goldstein in Market Watch

Fund managers are overwhelmingly anticipating next year to be a period of stagflation, with almost no one saying a turn into deflation is a worry, according to the latest survey by Bank of America.

An incredible 92% say they are expecting below-trend growth and above-trend inflation next year, the survey says. No one is expecting above-trend growth and below-trend inflation, and just 7% expect below-trend growth and below-trend inflation, the survey of 309 people managing $854 billion in assets finds.

Not surprisingly given the macroeconomic views, fund managers are staying cautious: according to the survey, they are .......

To read this article in Market watch in its entirety, click here.

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