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Reflation or stagflation? Early days still

Rising rates don’t have to crush stocks, but they can

©The Financial Times Limited 2020 Sep 29, 2021 / 12:31 PM IST
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Reflation or stagflation? Early days still

Source: Reuters

Robert Armstrong Reflation redux, hopefully What has put the scare into stocks? The prime suspects are the good-sized moves up at the long end of the yield curve. The meandering rise in interest rates that has been with us since early August has accelerated to a brisk jog. Here are the changes across the curve just since the Federal Reserve meeting on Wednesday last week: That is a reasonably stiff and quite uniform increase across the middle and the long end. Are we...

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