trending Market Intelligence /marketintelligence/en/news-insights/trending/cnnkcgpqr0clced7yb439g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Fitch says rising US inflation could disrupt 'robust' global growth outlook

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Fitch says rising US inflation could disrupt 'robust' global growth outlook

The global economy is poised for a "robust" expansion over the near term, but a faster-than-expected rise in U.S. inflation could be "disruptive" for growth, Fitch Ratings said in its latest Global Economic Outlook report.

Global growth is projected at 3.3% in 2018 and 3.2% in 2019, unchanged from Fitch's forecast in March.

Accelerating private investment, tightening labor markets, pro-cyclical U.S. fiscal easing and accommodative monetary policy support above-trend growth in advanced economies, the report said.

Growth forecasts for this year in the U.S. and China were revised upward, offsetting the downward revisions in the eurozone, the U.K. and Japan.

However, a faster pickup in inflation and the Fed's likely aggressive response to it remain a key risk on outlook.

"An inflation shock could bring forward adjustments in the U.S. and global bond yields and sharply increase volatility, harming risk appetite," said Brian Coulton, Fitch's chief economist.

Fitch projects four Fed rate hikes in 2018, followed by three more in 2019.

The rating agency said recent trade tensions are not expected to materially affect its global growth outlook at this stage, but geopolitical concerns in Italy and the rest of the eurozone could weigh on investment prospects.

"A major escalation that entailed blanket across-the-board geographical tariffs on all trade flows between several major countries would be much more damaging," Coulton said.