Global inflation may take a while to stir

Washington

GLOBAL inflation is finally on the rise, the bond market has apparently declared, but the data do not yet point firmly to that conclusion, suggesting the low trend in place since the financial crisis may linger for a while.

What the US bond market appears to be reacting to as well is a different kind of worry: trillions of dollars worth of extra debt supply to digest from a US administration that has cast aside fiscal restraint with tax cuts and new spending.