{"id":182107,"date":"2022-11-09T17:26:00","date_gmt":"2022-11-09T22:26:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/traders-insight\/global-outlook-the-inflation-battle-drags-on\/"},"modified":"2023-02-10T12:58:43","modified_gmt":"2023-02-10T17:58:43","slug":"global-outlook-the-inflation-battle-drags-on","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/global-outlook-the-inflation-battle-drags-on\/","title":{"rendered":"Global Outlook: The Inflation Battle Drags On"},"content":{"rendered":"\n<p>Disappointing inflation data and recent comments from leaders across the globe point to persistent economic challenges, including the need to curtail rapid price increases with additional monetary tightening. At the same time, Russia\u2019s invasion of Ukraine is grinding onward, weighing on the global commodity complex, Chinese lockdowns continue to hurt global supply chains and cryptocurrency is tanking is response to liquidity fears. Turbulence is also occurring in the U.S., where equities are falling due to uncertainty regarding which political party will control Congress. Also in the U.S., tech layoffs are gaining attention, but I believe it\u2019s unlikely that the layoffs will extend to other sectors.<\/p>\n\n\n\n<p>Many of these developments imply that engineering a global soft landing, rather than a recession, has become increasingly unlikely as high inflation continues to require additional monetary tightening.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>ECB Kills Hopes of Quick Pivot<\/strong><\/h2>\n\n\n\n<p>In comments echoing last week\u2019s <a href=\"https:\/\/www.tradersinsight.news\/traders-insight\/securities\/macro\/powell-stays-the-course-against-inflation\/\">statements<\/a> from U.S. Central Bank Chairman Jerome Powell, various members of the European Central Bank (ECB) dashed hopes of a pivot from the organizations hawkish inflation stance. ECB Vice-President Luis de Guindos said tackling inflation requires further rate increases before demand is curtailed. He warned that the rate hikes are also likely to curtail investments, but he said the macroeconomic pain of not raising rates would be worse than the results of the central banks\u2019 hawkish policies. Recent data shows that eurozone inflation hit 10.7% in October and in Germany, 11.6%, a 70-year high as both surprised to the upside. Like the U.S. central bank, the ECB strives to maintain inflation at 2%. The ECB has already raised its deposit interest rate from -0.5% to 1.5% and investors anticipate that the organization will hike rates another 50 basis points (bps) next month.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>England\u2019s Central Bank: \u201cWe are not inflation nutters<\/strong>\u201d<\/h2>\n\n\n\n<p>After hiking its short-term interest rate 75 bps last week, the Bank of England (BoE) responded to criticism that its hawkish policy could spark a recession. The bank\u2019s chief economist, Huw Pill, reached beyond technical economic terms to claim, \u201cwe are not inflation nutters,\u201d borrowing an expression from a former BoE governor that refers to central bankers who concentrate on inflation to the detriment of growth. Pill explained that rate hikes are needed to keep inflation from becoming entrenched in the economy. The BoE\u2019s bank rate is now 3%, reflecting eight rate hikes and the country\u2019s September inflation rate was 10% on a year-over-year (y\/y) basis, surprising to the upside.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Food Security Concerns Resurface as Ukraine-Russia Conflict Continues<\/strong><\/h2>\n\n\n\n<p>Fears about a global food crisis resulting from the Russia invasion of Ukraine have resurfaced. A United Nations brokered agreement between the warring countries that allows Ukraine, considered by some to be the breadbasket of the world, to ship grains and other foods through the Black Sea expires on Nov. 19. Since striking the agreement more than 10 million tons of grain have left Ukrainian ports. The loss of future exports, while creating food insecurity, would also cause food inflation if Russia and Ukraine fail to reach a new agreement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>No Signs of Relief for China Lockdowns<\/strong><\/h2>\n\n\n\n<p>Investors that were disappointed by central banks failing to pivot quickly from monetary tightening had another development to fret over\u2014contrary to common expectations, Chinese officials reiterated their commitment to a zero-COVID-19 policy, implying that lockdowns won\u2019t be eased, or at least eased significantly, in the foreseeable future. The comments implied that China\u2019s manufacturing sector will continue to struggle with lockdowns, limiting its ability to improve the troubled global supply chain that is providing inflationary pressure. The country reported 5,496 COVID-19 infections for Sunday, a six-month high.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Crypto Nears the Crypt<\/strong><\/h2>\n\n\n\n<p>Cryptocurrency exchange FTX has announced that it will address its liquidity crunch by being acquired by rival Binance, which sent cryptocurrency into a tailspin and strengthened concerns about the health of digital currency follow recent crypto bankruptcies. FTX\u2019s own token has tanked 75% and Bitcoin, while experiencing a more modest decline since Tuesday afternoon, is trading near its lowest level in two years.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/image001-1100x799.png\" alt=\"Tightening liquidity conditions have brutally punished the cryptocurrency sector\" class=\"wp-image-165796 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/799;\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>A Glimmer of Progress But Little Relief in Sight<\/strong><\/h2>\n\n\n\n<p>In an early victory in the war against inflation, monetary tightening appears to be moderating global demand for goods, with China\u2019s exporting y\/y growth weakening to only 5.7% in September compared to the 7% y\/y increase in August. The weaker growth is attributed to higher interest rates in many countries dampening demand for consumer goods and reducing business capital expenditures. Real estate markets are also weakening in many countries, such as the U.S. and Australia, implying that interest rate increases are starting to curtail demand. Based on headline inflation numbers, however, it\u2019s unlikely that central banks will pivot from aggressive efforts to curtail inflation, which is increasing the likelihood of a painful recession.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Australian Consumers Feel the Pain<\/strong><\/h2>\n\n\n\n<p>Australia\u2019s economy is continuing its tradition of outperforming economies of most other countries, but pain is growing there. The Westpac Bank consumer sentiment index released on Monday tumbled to its lowest level since the early days of the pandemic in April 2020 as individuals have felt the bite of inflation and higher interest rates. Poor sentiment extended beyond consumers with the National Australia Bank Business Confidence Index, which measures attitudes about hiring, sales and profits, also declining. The pessimism extends to real estate, with the number of total building permits in September dropping 5.8% and private sector house permits falling 7.8%. Australia\u2019s inflation rate during the third quarter hit 7.3%, it\u2019s highest rate since 1990 and the country\u2019s central bank, the Reserve Bank of Australia, expects that rate to peak at 8%. The central bank has raised its target cash rate from 10 bps to 2.60%, its highest rate since early 2013.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-trade-issues-arise-at-cop27\"><strong>Trade Issues Arise at COP27<\/strong><\/h2>\n\n\n\n<p>The 2022 United Nations Climate Change Conference, or COP27, kicked off as the World Meteorological Organization reported that the world is on track to have the warmest eight years on record. Certain attendees spoke out against the U.S. Inflation Reduction Act, which includes tax credits for certain clean air items, such as electric vehicles, that are assembled in the U.S. The delegates maintain the provision is trade protectionism at a time when countries must work together to battle climate change. Also during the conference, U.S. envoy John Kerry was expected to propose a carbon-credit program that could increase demand for clean energy products by providing funding for emerging markets to develop alternatives to hydrocarbon fuels. &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Disappointing inflation data and recent comments from leaders across the globe point to persistent economic challenges, including the need to curtail rapid price increases with additional monetary tightening.<\/p>\n","protected":false},"author":903,"featured_media":182109,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,5,12711,18,6,8,9,26,3],"tags":[225,2417,216,14050,294,313,14095,570],"contributors-categories":[13760],"class_list":{"0":"post-182107","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asia","8":"category-europe-middle-east-africa","9":"category-ibkr-economic-landscape","10":"category-macro","11":"category-north-america","12":"category-region","13":"category-securities","14":"category-text-articles","15":"category-traders-insight","16":"tag-australia","17":"tag-central-banks","18":"tag-china","19":"tag-cop27","20":"tag-crypto","21":"tag-europe","22":"tag-global-outlook","23":"tag-inflation","24":"contributors-categories-ibkr-macroeconomics"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Global Outlook: The Inflation Battle Drags On<\/title>\n<meta name=\"description\" content=\"Disappointing inflation data and recent comments from leaders across the globe point to persistent economic challenges, including the need to curtail...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/182107\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Outlook: The Inflation Battle Drags On\" \/>\n<meta property=\"og:description\" content=\"Disappointing inflation data and recent comments from leaders across the globe point to persistent economic challenges, including the need to curtail rapid price increases with additional monetary tightening.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/global-outlook-the-inflation-battle-drags-on\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-09T22:26:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-10T17:58:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/charts-people.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1150\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jose Torres\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Global Outlook: The Inflation Battle Drags On\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jose Torres\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/global-outlook-the-inflation-battle-drags-on\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/global-outlook-the-inflation-battle-drags-on\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Jose Torres\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\"\n\t            },\n\t            \"headline\": \"Global Outlook: The Inflation Battle Drags On\",\n\t            \"datePublished\": \"2022-11-09T22:26:00+00:00\",\n\t            \"dateModified\": \"2023-02-10T17:58:43+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/global-outlook-the-inflation-battle-drags-on\\\/\"\n\t            },\n\t            \"wordCount\": 1073,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/global-outlook-the-inflation-battle-drags-on\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/02\\\/charts-people.jpg\",\n\t            \"keywords\": [\n\t                \"Australia\",\n\t                \"central banks\",\n\t                \"China\",\n\t                \"COP27\",\n\t                \"crypto\",\n\t                \"Europe\",\n\t                \"global outlook\",\n\t                \"inflation\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"Asia Pacific\",\n\t                \"Europe, the Middle East and Africa\",\n\t                \"IBKR Economic Landscape\",\n\t                \"Macro\",\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/global-outlook-the-inflation-battle-drags-on\\\/\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/global-outlook-the-inflation-battle-drags-on\\\/\",\n\t            \"name\": \"Global Outlook: The Inflation Battle Drags On\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/global-outlook-the-inflation-battle-drags-on\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/global-outlook-the-inflation-battle-drags-on\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/02\\\/charts-people.jpg\",\n\t            \"datePublished\": \"2022-11-09T22:26:00+00:00\",\n\t            \"dateModified\": \"2023-02-10T17:58:43+00:00\",\n\t            \"description\": \"Disappointing inflation data and recent comments from leaders across the globe point to persistent economic challenges, including the need to curtail rapid price increases with additional monetary tightening.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/global-outlook-the-inflation-battle-drags-on\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/global-outlook-the-inflation-battle-drags-on\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/02\\\/charts-people.jpg\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/02\\\/charts-people.jpg\",\n\t            \"width\": 1150,\n\t            \"height\": 720,\n\t            \"caption\": \"Global Outlook: The Inflation Battle Drags On\"\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\",\n\t            \"name\": \"Jose Torres\",\n\t            \"description\": \"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&amp;M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/jose-torres\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Global Outlook: The Inflation Battle Drags On","description":"Disappointing inflation data and recent comments from leaders across the globe point to persistent economic challenges, including the need to curtail...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/182107\/","og_locale":"en_US","og_type":"article","og_title":"Global Outlook: The Inflation Battle Drags On","og_description":"Disappointing inflation data and recent comments from leaders across the globe point to persistent economic challenges, including the need to curtail rapid price increases with additional monetary tightening.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/global-outlook-the-inflation-battle-drags-on\/","og_site_name":"IBKR Campus US","article_published_time":"2022-11-09T22:26:00+00:00","article_modified_time":"2023-02-10T17:58:43+00:00","og_image":[{"width":1150,"height":720,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/charts-people.jpg","type":"image\/jpeg"}],"author":"Jose Torres","twitter_card":"summary_large_image","twitter_title":"Global Outlook: The Inflation Battle Drags On","twitter_misc":{"Written by":"Jose Torres","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/global-outlook-the-inflation-battle-drags-on\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/global-outlook-the-inflation-battle-drags-on\/"},"author":{"name":"Jose Torres","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e"},"headline":"Global Outlook: The Inflation Battle Drags On","datePublished":"2022-11-09T22:26:00+00:00","dateModified":"2023-02-10T17:58:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/global-outlook-the-inflation-battle-drags-on\/"},"wordCount":1073,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/global-outlook-the-inflation-battle-drags-on\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/charts-people.jpg","keywords":["Australia","central banks","China","COP27","crypto","Europe","global outlook","inflation"],"articleSection":["Asia Pacific","Europe, the Middle East and Africa","IBKR Economic Landscape","Macro","North America","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/global-outlook-the-inflation-battle-drags-on\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/global-outlook-the-inflation-battle-drags-on\/","name":"Global Outlook: The Inflation Battle Drags On","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/global-outlook-the-inflation-battle-drags-on\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/global-outlook-the-inflation-battle-drags-on\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/charts-people.jpg","datePublished":"2022-11-09T22:26:00+00:00","dateModified":"2023-02-10T17:58:43+00:00","description":"Disappointing inflation data and recent comments from leaders across the globe point to persistent economic challenges, including the need to curtail rapid price increases with additional monetary tightening.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/global-outlook-the-inflation-battle-drags-on\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/global-outlook-the-inflation-battle-drags-on\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/charts-people.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/charts-people.jpg","width":1150,"height":720,"caption":"Global Outlook: The Inflation Battle Drags On"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e","name":"Jose Torres","description":"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&amp;M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/jose-torres\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/charts-people.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/182107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/903"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=182107"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/182107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/182109"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=182107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=182107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=182107"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=182107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}