What comes after the inflation hump? Implications for investors

Within 'Focus' we comment on extraordinary market events and analyse capital market related special topics. This issue is about inflation volatility - What comes after the inflation hump? Implications for investors.

There is much to suggest that inflation will fall significantly next year at the latest. However, investors should not succumb to the illusion that we will quickly return to the low inflation environment of the last two decades once inflation has passed the inflation hump. In our view, in the coming years we should not only expect higher inflation on average than in the last decade, but also increased inflation volatility. Prof. Dr. Bernd Meyer, Chief Investment Strategist and Head of Multi Asset, and Ulrich Urbahn, Head of Multi Asset Strategy & Research, shed light on the reasons, draw parallels to the 1960s and 70s and derive consequences for markets and investors.

Prof. Dr. Bernd Meyer
Chief Investment Strategist and Head of Multi Asset
Phone +49 69 91 30 90-225
Ulrich Urbahn
Head of Multi Asset Strategy & Research