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Come Hell or Highwater? Central Bankers and Inflation

Come Hell or Highwater? Central Bankers and Inflation
Inflation in the UK reached 5.5 percent in January 2022, according to the Office for National Statistics. Victoria Jones/PA
Tuomas Malinen
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Commentary 

Many are currently baffled on the path of the economy and markets, and for a good reason. Stock markets are nearing a bear market, while the U.S economy seems to be doing ok. Retail sales came in as expected, rising by 0.9 percent (MoM) and the U.S. industrial output rose more than expected (1.1 percent) in April. Is the economy really coping with higher inflation and rising rates?

Tuomas Malinen
Tuomas Malinen
Author
Tuomas Malinen is CEO and chief economist at GnS Economics, a Helsinki-based macroeconomic consultancy, and an associate professor of economics. He studied economic growth and economic crises for 10 years. In his newsletter (MTMalinen.Substack.com), Malinen deals with forecasting and how to prepare for the recession and approaching crisis.
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