The U.S. economic recovery that began in late 2020 “remains underway”
The cofounder of Oaktree Capital Management says “it’s still Groundhog Day” for investors—with market conditions little changed from several months ago as stocks remain near record highs despite rising inflation worries.
Worries about rising inflation are “well founded thus far,” though it also remains unclear whether the current surge is caused by the Federal Reserve’s monetary policy or ongoing supply chain and labor market bottlenecks.
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