Deflation Debate Heats Up in Bond Market Ahead of Fed Meeting
- Inflation’s path seen reliant on pace of reopening, testing
- Declining prices likely over next year: Western Asset’s Marki
An aerial view shows Marathon Petroleum Corp's Los Angeles Refinery, on April 22.
Photographer: David McNew/Getty Images North AmericaThis article is for subscribers only.
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Bond investors are starting to debate whether the U.S. is heading into a deflationary spiral, even after trillions of dollars of stimulus to offset the pandemic-driven hit to growth.