State Street Advises Further De-Risking Amid Inflation Threat

Michael Metcalfe said the Iran war is continuing to weigh on markets, with implications for inflation and the global economy. The main transmission appears to be higher geopolitical risk and potential energy-price pressure, which can keep investors defensive. The commentary is market-relevant but contains no new policy action or hard economic data.

Analysis

Michael Metcalfe said the Iran war is continuing to weigh on markets, with implications for inflation and the global economy. The main transmission appears to be higher geopolitical risk and potential energy-price pressure, which can keep investors defensive. The commentary is market-relevant but contains no new policy action or hard economic data.