Posted by on February 11, 2017 10:55 pm
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Categories: Business Central Banks Consumer Prices CPI Economy Economy of the European Union Euro European Central Bank European Commission Eurozone Gold as an investment Inflation Inflation in India Inflation targeting Monetary Policy money Reuters

While everyone is focusing on politics, a major development has occurred in the financial markets.

That development?

Inflation has arrived.

Inflation expectations have turned back upwards and broken to new multi-year highs.

If this chart were that of a stock, this would be a raging “buy” signal.

This isn’t just in the US either.

Inflation in the Eurozone rose sharply in December, the European Commission has confirmed, adding further to pressure on the European Central Bank (ECB) to begin withdrawing its historically expansive monetary policy support on Thursday.

Consumer prices across the bloc increased by 1.1 per cent, a steep rise from the 0.6 per cent growth recorded the month before, according to Eurostat.

Inflation has jumped to the highest rate for two-and-a-half years, hitting 1.6% as the pound’s sharp drop since the Brexit vote continues to push up costs in the UK.

Official figures for December showed air fares, food prices and fuel all helped to drive the rise from 1.2% in November. The December rate, as measured on the consumer prices index (CPI), was the highest since July 2014 and higher than forecasts for 1.4% in a Reuters poll of economists.

These stories are telling us that a tectonic shift has occurred in the markets. An inflationary storm is coming. After all Central Banks have pumped $14 trillion into the financial system.

If you’re not taking steps to actively prepare your portfolio for this, you need to so now.

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Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

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