Economist Nouriel Roubini warned that inflation is still the biggest risk facing markets, according to a report cited by ChainCatcher from Jin10. He said several forces are pushing inflation higher, including geopolitical tensions, deglobalization, and rising government spending. Roubini added that if the US Consumer Price Index reaches 5% to 6%, the yield on the 10-year US Treasury could come close to 8%. That level would mark the highest point since 1994. It would also represent a sharp increase from the current level of about 4.58%, based on the figures cited in the report. The remarks focus on inflation as the core macro risk and point to the scale of the rate move Roubini sees as possible under a higher CPI scenario.
Economist Nouriel Roubini warned that inflation remains the biggest risk facing markets, according to Jin10 as cited by ChainCatcher.
He said the factors driving inflation higher include geopolitical tensions, deglobalization, and increased government spending.
Roubini added that if the US Consumer Price Index, or CPI, reaches 5% to 6%, the yield on the 10-year US Treasury could come "close" to 8%. He said that would be the highest level since 1994 and a sharp rise from the current level of about 4.58%.
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