Kames Capital's fixed income chief David Roberts has said inflation across the globe could spike unless the price of crude oil remains below $50 a barrel.
Kames' head of fixed income (pictured) said current central bank policies, particularly in the US and the eurozone, could stoke inflation to problem levels at a time when core government bonds are trading at "completely irrational" valuations. He said: "Rates markets tell us all is broken, but the fact is the state of the world is not as bad as it is currently made out to be. In fact, I would rather see US Federal Reserve chair Janet Yellen raise rates and push the dollar up a little. "However, in the same way the Fed had an opportunity to start raising rates in 2014 but failed to d...
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