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Wall Street forgets its woes for a week

5 Mar 2018

As the spectre of inflation loomed Wall Street shrugged its collective shoulders and decided it was in rally mode regardless last week. A week is a long time in global stock markets and after the steepest of drops in equity prices Wall Street posted five straight days of gains. However commentators expect inflationary pressures to build with core producer prices already at an annual rate of 2.2% - close to a six year high – and most believe it is inevitable that the Fed will increase rates at it next meeting in March.