On Friday, the inflation figure is expected to show that lower energy prices are pushing down inflation. We have asked three leading bank economists about how much of a decline we can expect.
A majority of the 49 economists in the survey predicted the U.S. central bank will begin the taper in November and wrap it up by mid-2022, curbing the current $120 billion monthly buying pace by reducing Treasuries by $10 billion a month and mortgage-backed securities by $5 billion.
NEW YORK, Feb 22 (Reuters) - Global stock markets fell on Monday as expectations for faster growth and inflation battered bonds and boosted commodities, while rising fixed-income yields made equity valuations look more stretched in comparison.
The dollar slid against major currencies, slumping to multi-year lows against the British pound and the Australian dollar. Gold rose more than 1% to a near one-week high and copper prices shot above $9,000 a tonne for the first time since 2011.
Oil prices rose on a tight global supply outlook with U.S. production hammered by frigid weather and an approaching meeting of top crude producers expected to keep output largely reined in.