Inflation fears haunt Wall Street again, but investors might just be having a bad dream
After prolonged visions of nirvana, investors are suddenly having nightmares again about an old bogeyman: inflation. The Dow Jones Industrial Average lost 9% of its value in the past two weeks, a stunning drop from a record high triggered by the fastest increase in worker pay in nine years. Why? Wall Street is suddenly worried inflation will surge, the Federal Reserve will jack up interest rates and the economy will eventually sputter. Recession, here we come. Are they right to be so alarmed? Concerned, yes, economists say. But alarmed? No. “You can have firmer inflation without inflation spiraling out of control,” said Gregory Daco, chief U.S. economist at Oxford Economics. “It’s not something to be terribly worried about.” Read More @ https://www.marketwatch.com/story/inflation-fears-haunt-wall-street-again-but-investors-might-just-be-having-a-bad-dream-2018-02-10?siteid=rss&rss=1
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