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The International Monetary Fund raised its global price growth projections and warned that the threat to the world economy looms large.
The case for taking that warning seriously got harder to dismiss when President Trump declared the ceasefire with Iran is "over," layering geopolitical risk onto an outlook the Fund was already marking higher.
What the IMF is signaling The Fund's upward revision to its price growth forecasts moves inflation back to the center of the global macro debate.
The IMF functions as one of the primary institutional scorekeepers of global economic health, and when it shifts its projections in this direction, the assumption that price pressures were fading loses ground.
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