With major central banks likely to exercise patience in the face of price pressures, inflation-linked assets may be attractive allocations.

Stronger-than-expected U.S. inflation data in October may prompt the Federal Reserve to consider tapering faster and hiking sooner.

The Federal Reserve navigated its tapering announcement without much market volatility, but faces the challenge of managing rate expectations amid elevated inflation risks.

The volatility that has roiled short-term bonds signals a shift in expectations for central bank policy in developed markets.

Elevated risks to inflation expectations appear to have prompted Federal Reserve officials to revise their policy rate hike projections higher.

The U.S. Fed stopped short of providing “advance notice,” but a December tapering announcement remains likely.

The European Central Bank (ECB) unveiled a newly reformulated, more ambitious inflation target. Without new mechanisms to achieve it, however, we believe inflation will remain stubbornly stuck well below 2%.

Buoyed by faster growth and higher inflation expectations, the Fed advances rate hikes to 2023 and broaches the topic of tapering.

We believe the U.S. is undergoing a large price-level adjustment, not shifting to a persistently higher inflation regime.

To sustainably reach its inflation target, the Fed must raise inflation expectations – and that likely will require a period of above-target inflation.

Amid a brightening economic outlook, the Bank of Canada could begin tapering its bond purchase program this month, though we think it’s a close call and believe a cautious approach is warranted.

The expiration of the temporary SLR changes should enhance the soundness of the banking system, but likely at the cost of Treasury market liquidity.

The Federal Reserve’s communications following its March meeting should help anchor inflation expectations.

The Federal Reserve signals that monetary policy accommodation will remain firmly in place.

Policy will continue to be carefully calibrated as China walks a tightrope between supporting growth and maintaining financial stability.

We believe the Fed’s mortgage purchase program is helping to bolster economic activity, and accomplishing more than Treasury purchases alone.

The lack of market reaction suggests that many investors are not convinced that the Fed’s new guidance represents any material shift in policy.

Fed officials seek higher inflation but need help from fiscal policymakers.