Economics
Inflation Is Fueling ‘Most Uncertain Time’ in Investors’ Careers
- Volatility has surged following abrupt moves in Fed policy
- Central banks have been scrambling to keep a lid on inflation
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The current denizens of Wall Street have never seen a market quite like this.
Volatility surged across assets last week as a worsening outlook for inflation and growth smashed US stocks and bonds. Inflation that’s surging at a rate unseen in decades -- and proving unexpectedly sticky -- has sent central banks scrambling to reshape policy on the fly. And that has even hardened market veterans reeling in shock, with unprecedented amounts of money flooding into cash-like instruments and facilities.