The current debate over inflation really revolves around two questions: First, is this current spate of inflation, just that, a spate—or to use Wall Street’s buzzword of the moment? And second, transitory inflation or not, what does it suggest for the economy and markets?
(Bloomberg) -- The thought of central bank policy makers easing off their campaign to liquefy bond markets has hung like a sword over equity investors for years. At least at the earnings level, there may be less reason for anguish than is usually recognized.Research from UBS Group AG says that should the Federal Reserve turn off the spigot on its annual $1.4 trillion in quantitative-easing spending, the hit to the S&P 500 Index would be a 3% decline in prices. That’s a relatively paltry headwind
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