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Late-cycle stimulus: opportunities amid uncertainty

Wednesday, February 22, 2017 - 05:50

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Pace of the US rate increases may differ from market expectations, but is still likely to lag behind inflation, says Roger Bacon.

WE view the world as being in the latter part of the economic recovery cycle as we move from eight years of monetary stimulus to a focus on fiscal stimulus (ie more spending and lower taxes), and with it the start of potential inflationary pressures replacing a deflationary backdrop.

We

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