Titans of Bond Trading Say Ignore Fiscal Stimulus at Your PerilBy and
Calls for fiscal stimulus spur renewed bets on inflation gains
Pimco, Pioneer position for spending-fueled economic growth
There have been so many false alarms warning of inflation’s imminent return over the past decade that it’s hard to keep track. There was the initial unease after the Federal Reserve cut interest rates to zero, and another scare when it started buying up massive quantities of bonds. And then there’s the time the European Central Bank drove its benchmark rate into negative territory.
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