World’s Largest Sovereign Wealth Fund Warns Of Tariff-fueled Inflation Risks, Says 'Animal Spirit' Among American CEOs 'Very Exciting'

Benzinga

Inflation, fueled by tariffs, stands as one of the biggest market risks in 2025, according to the world's largest sovereign wealth fund. Speaking at the World Economic Forum in Davos, Nicolai Tangen, CEO of Norges Bank Investment Management highlighted the inflationary potential of U.S. trade policies, noting that tariffs, reduced labor supply, and other proposals could sustain elevated inflation levels. Tangen said Trump's policies could financially benefit U.S. companies, describing them as "very exciting" for investors and highlighting a resurgence in "animal spirit" among American CEOs.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Inflation fueled by tariffs stand as one of the biggest market risks in 2025,

00:06according to the world's largest sovereign wealth fund.

00:09Speaking at the World Economic Forum in Davos, Nikolai Tangin, CEO of Norges Bank Investment

00:15Management, highlighted the inflationary potential of the U.S. trade policies,

00:19noting that tariffs reduce labor supply and other proposals could sustain elevated inflation levels.

00:26Tangin said Trump's policies could financially benefit U.S. companies,

00:30describing them as very exciting for investors

00:33and highlighting a resurgence in animal spirit among American CEOs.

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