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The task of achieving a soft landing seems particularly challenging at present.
By Keith WADE, Chief Economist Strategist, Schroders
Figures for US consumer price inflation in April will be released on Wednesday (11 May). They are expected to show the headline rate peaked in March. However, with inflation remaining at its highest levels for more than 30 years, investors are asking what it will take to bring it down.
Economists have certainly been caught out by the acceleration in prices having dismissed the pick-up as "transitory" when it started in early 2021. The rise in inflation is now looking more permanent and when questioned about whether it was still "transitory" the chair of the US Federal Reserve (Fed) Jerome...
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