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Wall Street Braced for ‘Far Stickier’ Inflation to Test Markets

  • Miller Tabak sees a 10-year Treasury yield of 1.4% as key
  • Investors may be past peak inflation fears: Wells Fargo Asset
Jacobsen of Wells Fargo Asset Management discusses the current state of markets, his investment strategy and where he’s finding opportunity.

Markets are on tenterhooks for critical U.S. inflation data that could buffet stocks and bonds if they shift expectations about Federal Reserve stimulus withdrawal and the timing of interest-rate hikes.

A backdrop of slower reopening in pandemic-stricken economies due to the delta strain, and price pressures stoked by supply snarls led to declines in both global stocks and Treasuries last week.