All themes
Inflation
386 managers wrote about this in 974 letters. Every passage below is copied verbatim from the letter it came from.
Share of letters mentioning it
- 2024 Q443% of 30
- 2025 Q153% of 40
- 2025 Q243% of 88
- 2025 Q340% of 88
- 2025 Q447% of 129
- 2026 Q150% of 137
- 2026 Q238% of 709
- 2026 Q347% of 878
- 2026 Q449% of 118
- Nakano Japan Growth FundNov 2026
Turning to the macroeconomy, rising inflation and the accompanying rise in interest rates will bring about a slowdown of the world economy.
Read the letter → - Malborough UK Micro-Cap GrowthNov 2026
Overall, October presented a challenging backdrop for UK markets, with resilient near-term activity offset by rising inflation, higher gilt yields and a weaker medium-term growth outlook.
Read the letter → - Malborough Multi-AssetNov 2026
The broader economic backdrop also came under renewed scrutiny, with attention increasingly shifting from persistent inflation towards the outlook for global growth.
Read the letter → The Federal Reserve and European Central Bank held rates unchanged but acknowledged that inflation remained elevated, leaving the interest-rate outlook uncertain.
Read the letter →- Malborough Global SmallCapNov 2026
Third-quarter US GDP expanded at an annualised rate of 3.4%, while headline inflation remained elevated at 3.7%.
Read the letter → - Osprey Private WealthOct 2026
A: Affordability has become the number one issue for consumers as inflation has eroded purchasing power.
Read the letter → - Platinium AM Platinum TrustOct 2026
Renewed inflation pressure increased expectations of further interest rate rises, while concerns about public finances added to the sell-off.
Read the letter → - Loomis SaylesOct 2026
PAGE 5 Government Debt & Policy A renewed rate-hiking cycle should unmoor sticky inflation.
Read the letter → - Troy Multi-Asset StrategyOct 2026
The other has been rising bond yields, driven by stubborn and sticky inflation.
Read the letter → - Somma Investimentos FundsOct 2026
In line with the picture of less widespread heating, job creation by Payroll disappointed significantly in September, while average hourly earnings continued to decelerate, already at a pace below that of consumer inflation, implying a loss of real income in the period.
Read the letter → - Beck Mack & OliverOct 2026
Elevated energy prices have contributed to faster inflation, and in response the Federal Reserve recently raised short-term interest rates, which are expected to increase further in the months ahead.
Read the letter → - Avity Investment Management PerspectiveOct 2026
PERSPECTIVE October 2026 Financial markets navigated a complex third quarter as resilient economic growth and strong corporate earnings withstood persistent inflation, rising interest rates, and geopolitical uncertainty.
Read the letter → As supply risks intensified, oil prices moved higher, rising above $100 per barrel at various points during the month and reigniting concerns that inflation could remain elevated for longer than markets had anticipated.
Read the letter →The reasons given by markets have ranged across a collection of the usual suspects: inflation, fiscal policy, monetary policy, ‘AI-hyperscaler’ issuance, the energy market to name but a few.
Read the letter →- Nakano World Growth FundOct 2026
Turning to the macroeconomy, rising inflation and the accompanying rise in interest rates will cause a slowdown of the global economy.
Read the letter → The US Federal Reserve and the European Central Bank have both raised interest rates to counter this recent increase in inflation.
Read the letter →- Abaco Capital Global Value OpportunitiesOct 2026
Inflation remains persistent, with PCE inflation at 3.7% in July against a target of 2%, and oil made more expensive by the conflict with Iran threatens to keep it high.
Read the letter → - Ruffer Total Return InternationalOct 2026
Further equity additions included US banks (beaten-up beneficiaries of more capital market activity if the AI train rolls on) and regulated utilities, which offer attractive inflation- plus growth characteristics.
Read the letter → Q3 was dominated by the persistence of the Middle East conflict and its flow-through to energy prices, inflation and long-term interest rates.
Read the letter →- Mitsubishi UFJ Asset Management Co. Global Fixed IncomeOct 2026
A war that never needed to take place pushing up inflation and interest rates.
Read the letter → - Malborough UK Micro-Cap GrowthOct 2026
The inflation outlook did however deteriorate, with headline CPI rising to 3.1% in August, driven primarily by higher energy prices, while services inflation remained at 3.4%.
Read the letter → Overall, September presented a mixed picture with better-than- expected economic growth and resilient activity being offset by renewed inflationary pressures and higher borrowing costs, a feature experienced across the Western world.
Read the letter →The inflation Invests in the superior growth potential of the UK’s smallest listed companies Highly diversified portfolio of more than 150 stocks to help manage risk Experienced, award-winning investment team FOR PROFESSIONAL CLIENTS ONLY Monthly Commentary: October 2026 Nano-Cap Growth Managers Guy Feld & Eustace Santa Barbara Date 05/10/26 Capital is at risk.
Read the letter →- Alta Capital Management LLC/Oct 2026
While much of the move was induced by energy-driven inflation, we believe accelerating growth may also be a material factor.
Read the letter → - Ruffer Total Return FundOct 2026
WS Ruffer Total Return Fund SHARE PRICE PERFORMANCE SINCE LAUNCH ON 27 SEPTEMBER 2000 WS Ruffer Total Return Fund C acc UK Bank Rate 2005 2010 2015 2020 2025 100 200 300 400 500 600 Global bond yields have risen dramatically this year, driven by a cocktail of factors including robust economic growth, energy-related inflation pressure and fiscal strain.
Read the letter → - Lowell Resources FundOct 2026
Market Notes Economics • Rising fuel prices triggered by the Iran war pushed US inflation to a higher-than-expected 3.7 per cent in September, however the US Federal Reserve held rates unchanged in October.
Read the letter → Risk aversion also benefited fixed income markets, with the US 10-year yield peaking at around 5.3% early in the month before falling to around 4.93%, as safe-haven demand outweighed lingering inflation concerns.
Read the letter →- WS Ruffer Total Return FundOct 2026
WS Ruffer Total Return Fund SHARE PRICE PERFORMANCE SINCE LAUNCH ON 27 SEPTEMBER 2000 WS Ruffer Total Return Fund I acc UK Bank Rate 2005 2010 2015 2020 2025 100 200 300 400 500 600 Global bond yields have risen dramatically this year, driven by a cocktail of factors including robust economic growth, energy-related inflation pressure and fiscal strain.
Read the letter → - Asia Frontier Capital AFC Vietnam FundOct 2026
Inflationary pressures nevertheless warrant attention: average consumer price inflation reached approximately 4.5% over the period, while core inflation remained slightly lower at around 4.3%.
Read the letter → - WS Ruffer Diversified Return FundOct 2026
WS Ruffer Diversified Return Fund SHARE PRICE PERFORMANCE SINCE LAUNCH ON 15 SEPTEMBER 2021 WS Ruffer Diversified Return Fund I acc UK Bank Rate 2022 2023 2024 2025 2026 90 100 110 120 130 Global bond yields have risen dramatically this year, driven by a cocktail of factors including robust economic growth, energy-related inflation pressure and fiscal strain.
Read the letter → - Liontrust UK Opportunities FundOct 2026
The war in the Middle East pushed up energy prices, inflation, and uncertainty.
Read the letter → - TM Ruffer Portfolio FundOct 2026
TM Ruffer Portfolio Fund SHARE PRICE PERFORMANCE SINCE LAUNCH ON 8 DECEMBER 2021 TM Ruffer Portfolio C acc UK Bank Rate 2022 2023 2024 2025 2026 90 100 110 120 130 Global bond yields have risen dramatically this year, driven by a cocktail of factors including robust economic growth, energy-related inflation pressure and fiscal strain.
Read the letter → - AcatisOct 2026
Because of the lower yen, Japan (as an energy importer) has been hit hard by the energy price shocks of 2022 and 2026; they also create considerable inflationary pressures.
Read the letter → - Quest Smart AlphaOct 2026
Lower inflation and cheaper credit have further improved household purchasing power.
Read the letter → Ruffer Investment Company Limited SHARE PRICE PERFORMANCE SINCE LAUNCH ON 7 JULY 2004 Ruffer Investment Company FTSE All-Share TR £ Twice Bank Rate 2005 2010 2015 2020 2025 100 200 300 400 500 600 Global bond yields have risen dramatically this year, driven by a cocktail of factors including robust economic growth, energy-related inflation pressure and fiscal strain.
Read the letter →- WS Ruffer Charity TrustOct 2026
WS Ruffer Charity Trust SHARE PRICE PERFORMANCE SINCE LAUNCH ON 8 MARCH 2012 WS Ruffer Charity Trust C acc UK Bank Rate 2015 2020 2025 100 125 150 175 200 Global bond yields have risen dramatically this year, driven by a cocktail of factors including robust economic growth, energy-related inflation pressure and fiscal strain.
Read the letter → - Malborough US Focus FundOct 2026
Higher energy prices resulting from the US-Iran conflict also pushed inflation above where it otherwise might have been.
Read the letter → Japanese equities fell 4%, weighed down by rising inflation and a selloff in the country’s AI- and IT-related companies.
Read the letter →TAMIM Fund: Global High ConvictionGlobal High Conviction Unit Class TAMIM Fund2October 2026 At 31 October 2026While the Fed acknowledged that inflation remains stubbornly elevated, the central bank opted for ‘wait and see’.
Read the letter →- Lumen Vietnam FundOct 2026
Escalating geopolitical tensions, particularly the US-Iran conflict and attacks in the Strait of Hormuz, pushed Brent crude prices to the monthly average price of around USD 108 per barrel, reviving global inflation concerns.
Read the letter →
Showing the 40 most recent of 974 letters.