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Inflation burst begins to tear market in two – The Australian Financial Review

US consumer prices rose sharper than expected in May and added to concerns that central banks may fail to rein in inflation quick…



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If wages and prices begin a game of leapfrog, we will get the sort of wage-price spiral familiar from the 1970s and 1980s, he said.
The ominous warning echoes Larry Summers, the former US Treasury secretary under president Bill Clinton, who last month accused…

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