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The inflation debate that’s roiling US markets faces 2021 test
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Last Updated: Jan 10, 2021, 11:18 AM IST
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Synopsis
But even by the end of 2022, the Fed’s preferred measure won’t exceed its 2 per cent target, according to economist surveys.
Bloomberg
By Ben Holland, Katia Dmitrieva and Christopher CondonThey’re still in the minority, but investors and economists who think America is in for a bout of inflation perhaps a serious one start the year with some fresh ammunition for their arguments.
Vaccines hold out the prospect of an end to pandemic restrictions that could bring consumers roaring back. It’s what economists call pent-up demand –- a label that applies quite literally right now. The incoming Biden administration will likely prop up household spending with more financial aid, after Senate elections this month gave Democrats a majority. And in the background, the dollar has been weakening and commodity prices risi ....

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