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Fed to remain dovish on inflation, with QE tapering “months away”: Pictet WM and BoS

The recent sharp acceleration in US inflation is still likely to be considered a “temporary phenomenon”, driven by specific factors such as supply bottlenecks caused by a reopening of the economy, argued Thomas Costerg. The senior US economist at Pictet Wealth Management opined that the US Fed will choose to stay “behind the curve”, and will continue to ignore “high…

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