A Spike In Prices Could Change Everything For Wall Street
Feb 23, 2021
Wall Street is increasingly concerned that a wave of spending when the economy reopens could cause prices to spike, spoiling the financial market party that’s been raging since last March. What’s happening: Government bond yields — which move opposite prices — have jumped, signaling rising optimism about the economic recovery. But a surging economy can also mean rising prices. Investors are worried that higher inflation would pressure central banks like the Federal Reserve to hike interest rates or taper bond purchases sooner than expected. After a long period of easy access to money, that could trigger a market tantrum. Read more at CNN Business.
