It seems like only yesterday that the inflation debate was all about “Team Permanent” versus “Team Transitory”. But after several months of low inflation data, a kind of consensus has arisen: Inflation has revealed itself to be transitory.
This is only a temporary (or should I say transitory?) consensus. There are signs that some economies, including that of the United States, may experience a phenomenon known as “reheating” – a rapid turnaround that causes inflationary pressures to re-emerge. Is such a phenomenon possible?
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you