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Wall Street Is Starting to Fear Permanent Inflation
Markets are beginning to price in a world where inflation stays higher for much longer than investors expected.
Chuck Zodda and Marc Fandetti break down the latest inflation data as producer prices surge to their highest levels in years and global bond markets signal growing concern about structurally higher inflation and interest rates.
Also covered:
Why investors are becoming more worried about long-term inflation
How rising gas prices are erasing wage gains for consumers
The growing fear of a return to 1970s-style stagflation
Why the Fed may not have the political ability to fight…
The skinny
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