Doves Might Be Caught Off Guard After 'Inflation Gods' Smiled This Week

Authored by Simon White, Bloomberg macro strategist,

A market-based measure of inflation recently emphasized by the Federal Reserve to show that price pressures will soften is set to start rising again. That, along with several other signs of accelerating price growth, opens up opportunities to fade declines in short-term rates that have been guided lower by a dovish central bank.