Inflation Isn’t Going Away: What Does This Mean for Your Portfolio?
Featuring Peter Boockvar and Alfonso Peccatiello
Published on: December 9th, 2021 • Duration: 48 minutes
December’s headline Consumer Price Index rose 6.8% YoY, at the fastest pace since 1982. Unemployment dropped in November, and employers are offering higher wages along with sign-on bonuses. However, inflation is rising at a higher rate than wages, leaving many consumers worried. According to Peter Boockvar, the core rate could hit 5%, which would be a 30-year high. The Chief Investment Officer of Bleakley Advisory Group and editor of “The Boock Report” says surging inflation should top out in February, but he doesn't expect it to settle back into the pre-pandemic trend for a few years to come. Interviewed by Alfonso Peccatiello, who will be taking questions from Plus members.