Credit growth - a requisite for inflation, says Richard Bernstein - is still growing slowly in...

|By:, SA News Editor

Credit growth - a requisite for inflation, says Richard Bernstein - is still growing slowly in the U.S. Commodity inflation is being driven by emerging markets, and with EM central banks tightening and yield curves flattening, this dynamic looks set to reverse, keeping pressure off the Fed from tightening, and benefiting U.S. shares.