Richard Coghlan and Chris Faulkner-MacDonagh are portfolio managers in the global multi-asset division at T. Rowe Price in Tokyo and Baltimore.
Inflation concerns have sparked a great debate in markets, especially with the recent news that prices in the core personal consumption expenditure index-the Federal Reserve's preferred inflation measure stripping out volatile food and energy prices-rose a larger-than-expected 3.1% in April over the same period in 2020.
