Perspectives: Episode 71 – Hard to kill

In this episode, Escala Partners CIO, Tracey McNaughton, shares her views on how the structure of the labour market has changed in the past three years and how this is sending mixed signals to the market. Inflation is proving to be hard to kill and this has implications for where central banks go next with interest rates.   (0:54) - The economic data out of the US are coming in stronger than expected. In particular, the labour market seems to be giving mixed signals. (5:37) - Its not quite a James Bond storyline but inflation is proving to be a little hard to kill. (12:37) - New terms are popping up all the time in finance and economics circles, you mentioned immaculate disinflation before. (15:09) - China re-opening is here and the flow-on effects are being felt particularly in the tourism sector so far.