Market Commentary
Economic Update
"We expect a prolonged multiyear global expansion. We believe that the moderate pace of global economic expansion implies that there is limited risk that consumer price inflation rates will rise high enough to move central banks to an expansion-killing restrictive policy any time soon."
Chief Economist Richard Hoey presents his
May 2013 Economic Update.
The statements and opinions expressed in Mr. Hoey's commentary are those of Mr. Hoey as of the date of publication, and do not necessarily represent the views of BNY Mellon or any of its affiliates.
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