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- Inflation is bound for a resurgence in 2024, BlackRock strategists warned in a recent note.
- The economy is reeling from two seismic changes, and the pace of disinflation will soon slow.
- Strategists previously warned of a "full-employment recession" to hit the economy.
Inflation is bound to whipsaw next year as the US deals with two seismic shifts shaking the economy, according to BlackRock.
The first is the shift of consumption from services to goods stemming from the pandemic. That's created a "mismatch" in what the economy has supplied and what's demanded by consumers, strategists said, which has helped stoke inflation in the post-pandemic years.