The new-new normal of inflation
Spending on goods surged during the pandemic; will the return of the service sector slow down inflation?
After a successful vaccine roll-out across much of the developed world in 2021, new COVID variants are expected to pose less of an economic concern in the year ahead. Without additional stimulus payments, this year’s economic growth is expected to be driven by the sustainable drivers: increased consumer spending from personal income and an improving job market.
But many questions linger as we look ahead to 2022: Will inflationary pressures subside? How quickly will the Fed move on anticipated rate hikes? Will equity markets continue their incredible surge or are there signs of weakening?
To provide perspective on these topics and more for the year ahead, BOK Financial’s investment management team recently discussed their outlook on key issues affecting the economy and financial markets.
The BOK Financial investment management team is optimistic about economic growth in 2022, but pandemic risks persist. Leaders outline the key issues they’re following including inflation, monetary policy and equity markets.
How much growth can we expect now that COVID relief stimulus has ended? Brian Henderson, chief investment officer, shares his thoughts on the direction of the U.S. economy.
How does inflation from spending on goods versus services differ? Steve Wyett, chief investment strategist, breaks down the inflation situation and the areas we’re keeping an eye on.
In a battle of variants vs. vaccines, Matt Stephani, president of Cavanal Hill Investment Management, discusses what direction COVID is likely to take in 2022.
If the labor market continues to improve, will inflationary pressures diminish? Steve Wyett discusses the tug of war between inflation, the economy and monetary policy.
Will sky-high market trends continue in 2022? Is recession around the corner? Matt Stephani outlines the factors contributing to expectations for the equity market this year.
A surging market has spurred portfolio shifts; Brian Henderson shares the approach most likely to deliver above-average returns.
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