The Federal Reserve in Washington. Although US inflation expectations have risen over the past several months, the Fed’s preferred measure of inflation is comfortably below its target of 2 per cent. Photo: AFP

Prophets of market doom are jumping the gun

Last week’s turmoil suggests investors are belatedly coming to terms with the end of a decade of cheap money

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The Federal Reserve in Washington. Although US inflation expectations have risen over the past several months, the Fed’s preferred measure of inflation is comfortably below its target of 2 per cent. Photo: AFP
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