Economy

Inflation could hit 3-4% in the middle of 2022: strategist David Roche

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Speculation over the direction inflation will take continues to dog markets, but there is a growing body of strategists that believe investors are underestimating the outlook for consumer prices.

David Roche, president of investment firm Independent Strategy, is among them. He told CNBC Wednesday that he believed the U.S. inflation rate, which stood at 2.6% in March from a year ago, could rise much further.

“My own view is that we will see inflation of probably 3 or 4% by the middle of next year and that is completely inconsistent with, say, U.S. 10-year bond yields being at 1.6%. That yield could easily double and when it does, then you come to the crunch point that markets are going to…



Source cnbc.com

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