Macro View
Inflation Is Reaching a Boiling Point and Markets Are Too Relaxed
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Inflation angst: we ain’t seen nothing yet.
Within less than 24 hours, the world’s three largest economies — the U.S., China and Japan — each released inflation data that shattered consensus forecasts and showed prices rising at the fastest pace since at least the early 1990s. Actually the highest print in more than 40 years in Japan.