Inflation is ‘far from dead’: How one large asset manager is defying consensus

A relatively healthy U.S. economy is unlikely to see inflation fall back to 2% “without some amount of pain,” and financial markets are probably pricing in too many rate cuts.That’s according to James Solloway, chief market strategist and senior portfolio manager at SEI SEIC, -0.07%,which oversees about $1.3 trillion in assets from Oaks, Pa. His views came during a week in which tensions continued to flare in the Middle East and U.S. data pointed to a labor market that seems to