High, a little bit lower than what weve seen in the last few days. But, again, all of these markets kind of waiting to see what the cpi signals today if inflations getting worse or not. The first couple of years, were in that seasonal oneoff situation or youre in a situation where you have higher prices moving their way through the line once again. Check out precious metals. Commodities across the board have been higher. Gold at another alltime high. You also had silver hitting its highest level since june of 2021. Copper at its highest level since the beginning of january since 1 18. Aluminum higher. All of these things reflecting commodities across the board. Cpi is a little hotter. Goods inflation is a little hotter. Well see. Weve had shares on the other side of the vote, what they thinks going to happen. Im in the Roger Ferguson camp because i try to follow people who have been right. Tom lee has been right too. Thats the thing. Hes been betting on the markets, and he thinks this
Lower, and inflation is essentially unchanged. Mario draghi the strong bills momentum in this significant reduction of economics, gives grounds for greater confidence that inflation will converge towards our inflation aim. Yellen i want to see it move up to 2 . Most of my colleagues and i do believe it is being held down by transitory factors, but there is work undone there. Draghi the degree of monetary stimulus therefore remains necessary for underlying inflation pressures to continue to build up and support headline inflation developments over the mediumterm. Jonathan joining me today from j. P. Morgan Asset Management is bob michael, the global head of fixed income. Lisa coleman, the firms global head of investment great corporate credit. Great to have you with us on the program. It is your turn to grill me. Bob dont you worry about that. Jonathan lets talk about goldilocks growth. We have experienced this for so long. Highgrowth, low inflation, and Central Banks staying in the gam
The Unemployment Rate is a bit lower, and inflation is essentially unchanged. Mario draghi the strong cyclical momentum in the significant reduction of economics gives grounds for greater confidence that inflation will converge towards our inflation aim. Yellen i want to see it move up to 2 . Most of my colleagues and i do believe it is being held down by transitory factors, but there is work undone there. Draghi an ample degree of monetary stimulus therefore remains necessary for underlying inflation pressures to continue to build up and support headline inflation developments over the mediumterm. Jonathan joining me today from j. P. Morgan Asset Management is bob michael, the global head of fixed income. Lisa coleman, the firms global head of Investment Grade corporate credit. Great to have you with us on the program. It is your turn to grill me. Bob dont you worry about that. Jonathan lets talk about goldilocks growth next year. We have experienced this for so long. Highgrowth, low
A little stronger. The Unemployment Rate is a bit lower, and inflation is essentially unchanged. Mario draghi the strong cyclical momentum in the significant reduction of economics gives grounds for greater confidence that inflation will converge towards our inflation aim. Yellen i want to see it move up to 2 . Most of my colleagues and i do believe it is being held down by transitory factors, but there is work undone there. Draghi an ample degree of monetary stimulus therefore remains necessary for underlying inflation pressures to continue to build up and support headline inflation developments over the mediumterm. Jonathan joining me today from j. P. Morgan Asset Management is bob michael, the global head of fixed income. And lisa coleman, the firms global head of Investment Grade corporate credit. Great to have you with us on the program. It is your turn to grill me. Bob dont you worry about that. Jonathan lets talk about goldilocks growth next year. We have experienced this for so
Jonathan from new york city, i am jonathan ferro. This is bloomberg real yield. At j. P. Morgan Asset Management headquarters here in new york city for the year that was and the year ahead. In 2017, it was definitely the year for emerging markets. We have seen em credit rip higher. Morgans global head of fixed income, and joining us is pierreyves bareau, the head of emergingmarket debt. When you think about the things to fear in 2017, one of them was emerging markets. We were all thinking about this relationship between the United States and china, the potential for trade wars, and the idea you want to stay clear of em in a big way. That was a bad call. What happened . Pierreyves growth is good for em. People forget that. When you look at history, its always good. In 2018, it seems it is very conducive. Growth is good. Moderate inflation is good. Commodities is in good shape, and china is doing well. It is a Good Environment for em. Jonathan did investors overestimate the impact of pol