Inflation has boxed the Fed in, they are going to have to keep moving rates up.

This is obviously a continuation of what we've been seeing, which is strong economic growth and inflation expectations.

Now that they have succeeded in controlling cost inflation, this idea of privatizing Medicare opens up a whole new market.

They are concerned about inflation first and foremost but they already know that was going to happen because of petrol.

Strong employment keeps alive the risks to wage inflation and the central bank's concerns.

Investors have warmed to the idea that there is an inflation issue and are pricing in a greater degree of risk.