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- US inflation is transitory, to peak in February – Citibank
US inflation is transitory, to peak in February – Citibank
Analysts at Citi Group believe that the US inflation is transitory and is likely to peak in February.
Key quotes
“The bank’s estimates show that the Federal Reserve reducing bond purchases, coupled with a gradual easing of supply-chain bottlenecks, likely means that core inflation for this cycle will peak in February.”
“Investors should consider reallocating into sectors like consumer and health-care stocks that carry a negative correlation to changes in consumer prices.”
“Supply-chain bottlenecks should ease in coming months.”
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