Investors Are Losing Faith in the FedBloomberg News
Investors have pushed inflation expectations close to their lowest levels on record, even as consumer-price readings show signs of rising. For only the second time in data going back to 1999, a Federal Reserve gauge of expectations for the inflation rate dipped below current measures. The trend shows investors are losing faith in the central bank’s long-term ability to spur price growth, according to analysts including Joachim Fels, a global economic adviser for Pacific Investment Management Co.
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