Economics
Bond Market Inflation Outlook Jumps as Goldman Says More to Come
- Gauge of global inflation expectations rises to 14-month high
- Hatzius says Fed will respond by raising rates gradually
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Goldman Sachs Group Inc. says inflation pressures are starting to build -- and bonds are signaling traders agree.
Investors anticipate consumer prices worldwide will rise 1.3 percent annually, the highest level in 14 months, based on Bank of America Corp. data. The figure, derived by comparing yields on nominal government securities to those on inflation-linked debt, compares with Federal Reserve’s 2 percent target.