John Authers, Columnist

Markets Get Cold Feet Even as More Good News Rolls In

Unless the Fed actually follows through on aggressive monetary policy, inflation is not going to return to anything like 2%.

August 12, 2022 at 4:38 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.”

There’s good reason for markets to beware of a head-fake.
Photographer: Michael Nagle/Bloomberg

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If you wanted evidence that the worst of inflation might be over, the last two days have offered quite a litany. Following Wednesday’s surprisingly quiescent consumer price inflation data (the headline index didn’t rise at all from June to July), Thursday brought more good news.