Darius McDermott: Is it time for investors to go defensive?
‘Now is the time to be a little more cautious – balance and diversification are a must’
The threat of inflation has become more real in the past couple of weeks as figures from the US and the UK gave investors far more to think about.
The question now is whether central banks will buckle under the pressure to raise rates sooner than they originally intended and, perhaps even more importantly, if this inflation is transitory or whether it will turn out to be more embedded in the system than it has been for many years.