Morning Bid: Irksome inflation won’t die down


Source: reuters.com reuters.com

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A look at the day ahead in U.S. and global markets from Mike Dolan As investors mull what looks like a new year re-acceleration of the world economy, the narrative of steady disinflation has been ripped up and interest rate markets are still scrambling to re-price. Friday's latest U.S. inflation surprise was matched in Europe on Tuesday, with French and Spanish headline inflation rates unexpectedly rising again in February - making for an uncomfortable final day of a transformative month for markets. The dramatic rethink of the macro and inflation picture since early February has seen implied peak policy rates...