Stephens execs say inflation looms

A team of Stephens Inc. executives believes that inflation will begin to rise early next year, a view that contrasts with opinions expressed by most economists.

Bill Tedford, Alan Tedford and Brian Bush, all vice presidents with Stephens Capital Management, believe the Federal Reserve is wrong in its projection of low inflation in the next few years. The majority of economists also agree with the Fed.

“The general expectation of inflation we read from the [Federal Reserve] and Wall Street is generally years down the road and we’re saying it’s much closer than that,” said Bill Tedford, who’s the executive vice president and director of fixed income strategy at Stephens Capital Management, Stephens’ money management division.

Stephens ...