FTSE 100 live: London markets to rise on back of strong Microsoft, Alphabet earnings; All eyes on US PCE inflation
Have investors jumped the gun in thinking that the era of low inflation is now over? Jason Hollands, managing director at Tilney Bestinvest, says Yes. Deep tax cuts, looser banking regulation, massive spending on infrastructure and the military, alongside higher tariffs on imports and tighter immigration restrictions – Donald Trump’s economic policies are inherently inflationary for the US economy, especially against a background of low unemployment. Global bond markets have reacted [...]