and the Dow future gains 100 points after the news, you can't tell the difference between the Dow and the Bitcoin.
The bonds (myself being lazy just following TLT) has been going sideways like it is building a base on the chart.
Lately it has been going up a little bit.
Clearly, the bond market thinks this inflation is temporary.
The most direct answer or guess to that, is that maybe the economy in the US is just not that strong.
If there is endemic growth, no need to be concerned about inflation. In that case, deflationary pressures may rear its head again.
Germany is starting to get overheated but the South EU countries which are drowning in debt desperately need low rates and thus the ECB is "forced" to keep the rates low.no response from the fed yet. it's the ECB that keeps the market calm. the ECB reaffirmed its belief in transitory, assured the market its commitment to the QE with no tapering on the horizon.
Trade Reps from both US - China are formally talking again with the US calling for balanced trade relations.