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Investors Scale Back Inflation Bets, Signaling Doubts About Growth
Bets on a pickup in inflation are falling out of favor, underscoring investors' skepticism that the U.S. economy will be able to stage a rebound after a soft start to the year.
The growth outlook has dimmed over the past year as measures of manufacturing activity, consumer spending and business confidence have waned. The cool-down in the economy helped keep inflation from running past the Federal Reserve's 2% target for a seventh straight year in 2018.
The fact that inflation has continued to undershoot targets has allowed the Fed to suggest it will pause its rate-increase campaign, helping the S&P 500 rise 12% in 2019 and notch its best two-month start to the year in decades. But many bond investors have taken a more pessimistic view, questioning whether muted price increases are another sign that prospects for the economy and earnings are dimming.
Investors will get another look at where inflation is headed on Friday, when the Labor Department publishes its monthly jobs report.
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https://www.marketscreener.com/S-AMP-P-500-4985/news/Investors-Scale-Back-Inflation-Bets-Signaling-Doubts-About-Growth-28103249/?countview=0