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A NEW DEAL AND THE INFLATION BLUES (0649 GMT)
As a U.S. bipartisan Senate infrastructure deal cheers world
markets towards record highs, only a nasty surprise from a key
U.S. inflation reading on Friday could prevent smooth sailing
into the weekend.
The core personal consumption expenditures index, an
inflation gauge tracked closely by the Federal Reserve, is
expected to post year-on-year gains of 3.4%.
That would be a rise even faster than the nearly
three-decade high pace of 3.1% recorded last month and though
Fed officials have gone to great lengths this week to point that
price pressures remain transitory, bond markets will be on guard
for a bigger increase. The data is due at 1230 GMT.
A significant global bond market correction is likely in
the next three months as central bankers eye the exit door from
pandemic emergency policy, a latest Reuters poll finds.
Meanwhile, a fresh U.S. stimulus deal should…
