Black Rock's Koesterich on Inflation: Volatile

 

The consumer price index jumped 5.4% from a year earlier, the largest increase since before the worst of the financial crisis, the Labor Department reported Tuesday. It is the largest move since September 1991. On a monthly basis, headline and core prices rose 0.9% against 0.5% Dow Jones estimates. WATCH NOW

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There’s a lot of factor volatility we’re navigating right now, says BlackRock’s Koesterich

Volatile, for me, means it evaporates quickly. For Koesterich means something else, like "Dont know". I think strong inflation is starting.