Time and again, weak economic data have made the market’s inflationistas -- many of whom were beguiled by President Donald Trump’s pro-growth promises -- look a little foolish. But for Vanguard and BlackRock, it’s only a matter of months before inflation is back at 2 percent. Regardless of what does or doesn’t happen in Washington, a tight job market will boost wages, lead Americans to spend more and push up consumer prices. Add to that a weak dollar and prospects the Federal Reserve will hold off raising interest rates until 2018, and they see a good chance the bond market is too downbeat about inflation.
from FA News http://www.fa-mag.com/news/blackrock--vanguard-say-bond-market-s-got-this-trade-all-wrong-34034.html
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