Business

The market still makes the same mistake about inflation


Investors have made a big mistake over the summer, misread the economy and even worse, misread the Federal Reserve. The scale of the mistake became apparent on Tuesday and led to Biggest sell-off in a day for more than two years.

But the mistake — the belief that peak inflation will allow the Fed to ease after hitting a peak early next year — continues to underpin bond, stock and futures prices.



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