The Julia La Roche Show
#147 Andreas Steno On Why The Resurgence In Inflation Could Mean Another Rate Hike From The Fed
Feb 27, 2024
Andreas Steno discusses inflation resurgence, labor market impact, and contrarian view on Fed rate hike. Talks about challenges in Europe, labor market shifts, and asset market rebound. Highlights implications for markets and portfolio construction amid inflation. Explores global market trends, China's economic challenges, and real estate crisis impact on Western financial system.
33:15
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Quick takeaways
- Labor scarcity driving wage pressures and potential Fed rate hikes.
- Contrarian view on Fed rate hike due to inflation, implications for markets and European economies.
Deep dives
Inflation Resurgence and Wage Component
The podcast discusses the resurgence of inflation pressures in the US and Europe, attributing it to the return of wealth effects as a major theme affecting labor markets. Business owners and managers are expecting to hike wages due to a lack of qualified labor, leading to an acceleration of wage growth. The wage component of inflation is a focal point, with SMEs indicating plans to increase compensation, resulting in higher wage growth in both the US and Europe.
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