Mega-Billion Investment Firm Analyst: Wake Up, America
- 6 years ago
Investors are underestimating the US economy's potential to grow faster.
Franklin Templeton analyst Sonal Desai says that growth will generate high inflation.
Higher inflation would extend the sell-off in Treasurys that has taken the 10-year yield above 3%.
Desai says GDP growth closer to 3% should become more common over the next three years.
Higher inflation would come from "usual suspects" like wage growth and companies raising prices
Franklin Templeton analyst Sonal Desai says that growth will generate high inflation.
Higher inflation would extend the sell-off in Treasurys that has taken the 10-year yield above 3%.
Desai says GDP growth closer to 3% should become more common over the next three years.
Higher inflation would come from "usual suspects" like wage growth and companies raising prices