Wall Street Is Starting to Fear Permanent Inflation

Markets are beginning to price in a world where inflation stays higher for much longer than investors expected.Chuck Zodda and Marc Fandetti break down the latest inflation data as producer prices surge to their highest levels in years and global bond markets signal growing concern about structurally higher inflation and interest rates.Also covered:Why investors are becoming more worried about long-term inflationHow rising gas prices are erasing wage gains for consumersThe growing fear of a return to 1970s-style stagflationWhy the Fed may not have the political ability to fight inflation aggressivelyHow the Strait of Hormuz crisis could push inflation even higher this summerWhy markets have become political “utilities” over the last two decadesThe debate over whether higher wages could trigger another inflation spiralWalmart cuts corporate jobs amid broader economic uncertaintyWhy sovereign bond markets around the world are flashing warning signsWhy the next inflation cycle may look very different from anything investors experienced over the last 25 years.