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Vantage Point: Shifting Tides

In this edition of Vantage Point we revisit key questions from a quarter ago regarding the need for a recession to reduce inflation sustainably, potential inflation rebounds, and the idea of peaked rates. While these themes persist, we've adjusted probabilities for 2024 economic scenarios. Firstly, there is an exploration of global ‘Immaculate Disinflation’ whereby inflation falls steadily back towards target almost everywhere without necessitating a recession.

Secondly, we investigate ‘Unavoidable Recession’ whereby leaving monetary policy too loose for too long during 2021-22 has had inflationary consequences that can only be solved by tightening monetary policy sufficiently to create a (mild) recession. Lastly, we explore ‘International Divergence’ whereby this economic scenario is a combination of the previous two, in which the US undergoes a soft landing of sorts, while Europe and the UK move into recession in early 2024. 

Informe de Valoración: Octubre 2022

Bienvenido a nuestro último Informe de Valoración.
Este informe valora objetivamente 41 de los fondos de la gama BNY Mellon Investment Funds.

 

 

 

 

 


El valor de las inversiones puede bajar. Los inversores podrían no recuperar la suma invertida.
 

BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA), BNY Mellon Fund Managers Limited (BNYMFM), BNY Mellon Fund Management (Luxembourg) S.A. (BNY MFML) o las compañías afiliadas de operación de fondos nombran a las gestoras de inversiones para que presten servicios de gestión de cartera en el marco de los productos y servicios ofrecidos por BNYMIM EMEA, BNY MFML o por las compañías afiliadas de operación de fondos.


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