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Slowing Growth Edges Out Inflation as Top Concern
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Stocks and bonds have headed in opposite directions to start December, a sign that investors’ worries about slowing growth have started to eclipse their fears of persistent inflation.
Equity traders have taken the darker view, deepening this year’s double-digit losses for the S&P 500 and sending shares lower last week to snap a two-week winning streak for the major stock indexes. Meanwhile, a rally this month has erased some of this year’s fixed-income rout in a bet that bond prices have already fallen far enough to reflect the full brunt of expected Federal Reserve interest-rate increases.
Read more on wsj.comAbout this in other media
Retail Sales, Manufacturing Declines Point to Slowing Economy wsj.com /2 years ago
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Slowing Inflation Could Intensify Fed Debate Over When to Stop Raising Rates wsj.com /2 years ago
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