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Wall Street Bears Take Revenge After a $7 Trillion Rally

Fed is years away from meeting its inflation target, survey of market participants shows.

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A sober warning for Wall Street and beyond: The Federal Reserve is still on a collision course with financial markets.

Stocks and bonds are set to tumble anew even though inflation has likely peaked, according to the latest MLIV Pulse survey, as rate hikes reawaken the great 2022 selloff. Ahead of the Jackson Hole symposium later this week, 68% of respondents see the most destabilizing era of price pressures in decades eroding corporate margins and sending equities lower.