In the 2010s, world inflation stayed stubbornly below 2% a year. Still, in Europe in particular, inflationary expectations are on the rise. Realistically, market expectations of inflation are on the rise. In the US and Germany, long-term inflation expectations have rebounded sharply. However, if the Fed keeps suppressing yields, inflation expectations can rise even more.

Source: The Star February 19, 2021 23:37 UTC