Financial Times/Kate Duguid and Eric Platt/3-9-2022
“Traders in US financial markets have cranked up their bets on how high inflation will soar in the coming years, complicating the Federal Reserve’s efforts to curb rapidly rising consumer prices.”
USAGOLD note: One of the developments beginning to garner Wall Street’s attention is the changing market psychology among market professionals from a disinflationary to an inflationary, even stagflationary, bias. How does it complicate the Fed’s response to inflation? “The Fed is going to be hiking on eggshells,” says one investment strategist.
