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Addressing income inequality key to stoking inflation in the US: Yves Bonzon of Julius Baer

Julius Baer expects structurally higher levels of inflation in the West only in the second half of this decade, provided incomes are distributed across the wider population, said CIO Yves Bonzon. “I am in the transitory inflation camp for now,” Bonzon told reporters in a call to discuss the private bank’s 2H21 Market Outlook. “But I think ultimately, yes, we’re…

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