Do Fund Managers Think Inflation Is Here to Stay?
Nobody knows how long inflation will stick around.
Inflation has reared its head as massive government stimulus and pent-up demand have collided with snarled supply chains in a resurgent post-coronavirus-recession economy. The Consumer Price Index has reached levels not seen since the 1970s, and even Federal Reserve Chairman Jerome Powell has stopped calling price trends transitory. Morningstar asked some of the biggest equity money managers if they think recent inflation is transient or tenacious and how their views are influencing their portfolios.
David Carey does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.