Strategist: Global Order Reshaping, Inflation and Interest Rates Expected to Rise in the Coming Years, US Dollar to Weaken.

Mansoor Mohi-uddin, Chief Macro Strategist at Oversea-Chinese Banking Corporation (OCBC), stated that the world is transitioning from a US-led order to a more fragmented global landscape. This trend is expected to bring about persistent inflationary pressures, higher interest rates, a weakening US dollar, record high gold prices, and a significant rise in demand for safe-haven assets over the next five to ten years. He pointed out that since the outbreak of the pandemic, the core inflation rate in the United States has remained above the Federal Reserve's 2% target level for five years. Moreover, the increase in defense spending under the Trump administration and the implementation of tariff policies are likely to keep inflation above the Federal Reserve's target for the remainder of this decade.