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Gunjan Banerji highlights that forecasters have consistently postponed the expected peak of inflation every quarter since late 2025. According to Banerji, projections now indicate that the inflation peak is anticipated sometime in 2027.
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Banerji has recently reported that stocks have become cheaper this year as forward earnings rose at twice the pace of the S&P 500 index, even as the benchmark reached record highs (see article). She also noted that the S&P 500 Momentum Index underperformed the main index by over 12 percentage points for the quarter, marking its widest gap since 2001 (see article). These developments add context to her ongoing coverage of shifts in market expectations and inflation.