U.S.: Those Manic Markets Won't Calm Down Anytime Soon

Strong data are reviving old fears about Fed tightening

The economy was supposed to slow down in last year's second half. It did, but only for one quarter. Now, the same worry that arose last summer is starting to resurface, especially on Wall Street: Will excessive growth in an economy already near full employment fuel future inflation and spur interest rate hikes by the Federal Reserve?

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