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Global inflation may take a while to stir

Low trend in place since financial crisis may linger for a while; Fed, ECB have completely opposing policy this year

The ECB, trying to generate inflation out of a eurozone economy that is now booming, is still pouring on stimulus, buying 30 billion euros of bonds a month through September at least.


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...

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