Desperately seeking signs of inflation

Now markets have delivered their verdict on inflation – it’s not picking up any time soon – economic data due next week will show whether price pressures are rising meaningfully or falling back in some of the world’s major economies. A global rout in stock markets, currencies, commodities and bond yields has so far defined 2016 as investors have seemingly lost faith in central banks’ abilities to boost inflation, with signs the world economy is stalling.

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