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Strong economic growth and elevated inflation is putting upward pressure on bond yields and that will put downward pressure on the economy at a time when stocks reflect a strong economy. A strong US economy has become the consensus expectation: the Bloomberg US 2024 consensus forecast is that the US economy will grow by 2.4% and that consumer prices will ...
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The median rate of perceived inflation over the previous 12 months decreased further, for the sixth consecutive month, to 5.0%, from 5.5% in February. Median expectations for inflation over the next 12 months also edged down, to 3.0% from 3.1%. They are now at their lowest level since December 2021. Median expectations for inflation three years ahead ...
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