John O’Connell weighs in on higher oil prices, inflation and interest rates and explains why much of the market and media conversation is overly dramatic and simplistic.
He believes the “higher for longer” narrative for rates is not useful when viewed from a one-to-two year time frame and that rates could be much lower by then.
There was some evidence of tamer inflation in Friday’s August U.S. core personal consumption expenditures (PCE) index report, which came in at 3.9% year-over-year, showing that prices are decelerating, albeit slowly.
Watch this six minute segment with John O’Connell for more detail on oil, inflation, rates, and why higher for longer may just be another catchphrase that quietly disappears.
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