Henry McVey, KKR's balance-sheet CIO and head of global macro and asset
allocation, said in a report that inf in most major economies is likely to
remain persistently above market expectations. Geopolitical shocks, including
the Iran conflict, are occurring more frequently. The commodities sector, after
six years of deflation before COVID, is now showing clearer inflationary trends.
KKR projects US CPI at 3.6% in 2026 and 2.5% in 2027 versus market consensus of
3.3% and 2.4%; its inf forecasts for Europe and Japan are also above consensus.
