John Authers, Columnist

Are We Heading for a Repeat of the 2018 Stocks Selloff?

Bond breakevens look to have pushed Jerome Powell to his line in the sand. Once again, the market may be overestimating inflation risks.

October 25, 2021 at 4:00 AM UTC

By John Authers

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

What Jerome Powell is looking at?
Photographer: kimichele/iStockphoto/Getty Images

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Inflation breakevens crossed an important line Friday. Was it also an important line for Jerome Powell and the Federal Reserve?