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Asian, European Markets Advance As Inflation Fears Wane


Asian, European Markets Advance As Inflation Fears Wane
05/26/21 AT 4:24 AM
Markets across Asia and Europe rose Wednesday as inflation worries ease, while vaccine and reopening optimism reinforce expectations for a strong global recovery.
After rallying for more than a year, equities have in recent months been jolted by fears that a forecast surge in economic activity fuelled by reopenings, stimulus and vaccinations will send prices soaring and force central banks to wind back their ultra-loose monetary policies sooner than flagged.
A succession of Federal Reserve officials have continued to repeat the mantra that while the rebound will likely fan inflation, it will not last too long and they will not step back from their supportive measures including record low interest rates for the foreseeable future. ....

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