All Inflation articles
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White papersFactory Reset: U.S. Manufacturing Turns Up
The manufacturing industry has been struggling since the pandemic. Various metrics, including industrial production and the ISM Manufacturing index, have been in contraction or decline for years.
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Asset Manager NewsResponse to inflation pressures - Kempen SDG Farmland Fund
The shift away from decades of low-inflation and a highly globalised economy represents a structural change in the macro-economic environment.
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White papersThe Fed under pressure: Politics, power and the future of monetary policy
Before the war in Iran erupted, markets were occupied with the likely impact of Trump’s appointment of a potentially dovish loyalist as the new Chair of the Federal Reserve (Fed). While this conversation has faded somewhat into the background, it is arguably as important as ever.
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White papersThe energy test for European sectors
We believe that European companies’ Q1 earnings should remain relatively robust.
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White papersPotential implications of the Middle East conflict for bonds
The Middle East conflict, while first and foremost a human tragedy, also represents an energy supply shock with potentially significant implications for global growth. In a new paper, Head of Global Sovereign, Inflation and Rates, Cedric Scholtes presents a framework for analysing the war’s fixed income investment implications.
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White papersNew real estate cycle: Why opportunities are opening up again for institutional investors
Interview with Wolfgang Kessler and Michael Kammerzell from Union Investment Institutional Property GmbH
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White papersEuro fixed income: A broad spectrum of opportunities
Despite the Iran conflict, we continue to see potential opportunities for ETF investors in European fixed income. Solid corporate fundamentals are supporting the credit sector, and we believe inflation-linked and short-duration bonds could perform well. The current backdrop of heightened geopolitical tensions underscores the need for an active and flexible investment approach.
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White papersBack to the Future: Cap Rates, Inflation, and the Lessons of the 1970s
If today’s macroeconomic environment begins to resemble the 1970s, the path of cap rates could take many investors by surprise.
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White papersRelative Value & Tactical Asset Allocation – Q2 2026
Our quarterly Relative Value and Tactical Asset Allocation combines insights from our investment teams and the Global Economic and Market Strategy team to assess relative value across major asset classes.
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White papersThe Long Road to a U.S. Housing Recovery
Despite the Federal Reserve (Fed) cutting interest rates and the average 30-year fixed mortgage rate falling from its high of 8% in 2023 to just over 6%, the U.S. housing market continues to face challenges. Sellers are facing tepid demand and seeing potential buyers back out. Affordability, despite recent improvements, remains far below pre-pandemic levels. Residential investment per household has not improved, and structural factors mean supply constraints and price pressures could continue even if the Fed lowers rates further.
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White papersConflict affecting sentiment
The Eurozone March PMI survey fell during the previous month, indicating businesses are getting worried about the Middle East conflict.
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White papersGlobal Investment Views - April 2026
With the Middle East conflict now entering its second month, high energy prices have produced knock-on effects across global financial markets. The US and European breakeven curves surged as markets repriced inflation expectations and the likelihood of central-bank rate cuts.
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VideoContingent capital; a strong case in today’s fixed income market
In this edition of Talking Markets Lloyd Harris, Head of Fixed Income at Premier Miton, discusses how stronger bank capital positions and post‑crisis regulation continue to reshape the contingent capital landscape. He shares why CoCos are increasingly compelling for income‑focused investors, offering a robustness that has held up well through recent market stresses.
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White papersCentral Banks and bond yields in focus
“The stagflationary impulse from the conflict will reshape the growth and inflation risk trade-off, creating a policy dilemma for central banks globally. Overall, we expect central banks to postpone easing, but not to reverse it, a wait-and-see stance seems plausible and appropriate.”
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White papersFixed Income: Why This Is Not 2022
The echoes of 2022 are loud but misleading. The macro still points to easing, not hikes, while the credit cycle begins to turn.
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WebinarWebinar replay: How global macro factors and geopolitical events are feeding through to debt markets
Lloyd Harris, Head of Fixed Income at Premier Miton, looks at the key forces shaping debt markets today, from global macro trends to geopolitical developments, and how these influences feed into the team’s strategic investment approach. He also outlines his outlook for the months ahead and highlights where he sees the most compelling opportunities across fixed income.
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White papersHelping small and mid-sized businesses navigate the current economic landscape
Small and mid-sized businesses (SMBs) are being squeezed from all sides. Tariffs are driving up input costs, inflation is eroding margins, and shifting federal and state regulations are adding new layers of complexity. These aren’t abstract trends or distant possibilities; they’re real pressures unfolding in real time, and the forces behind them are reshaping how SMBs operate day to day.
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White papersMapping the fallout: Iran, oil, and global markets
Macro impact: The Iran conflict and risks to the Strait of Hormuz do not yet warrant a major change to our base case macro outlook. Growth adjustments remain limited, inflation has nudged higher, and central banks are broadly in a wait-and-see mode, with policy rates expected to remain largely stable.
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White papersMarket Commentary: Looking across the valley
If the Iran war does not derail it, the US economy should remain strong.
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White papersFebruary CPI report: Calm before the storm
U.S. inflation showed signs of stabilization in the February CPI report, though persistent service and energy pressures suggest that renewed inflation risks could delay the pace of monetary easing.
