The Era of Inflation Has Ended — for Asset Prices on Wall Street

(Bloomberg) — As the Federal Reserve’s intensifying fight against inflation sinks every asset on Wall Street, investors are asking: Why buy now when things could get cheaper still?

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What started as a mild stock selloff this month has morphed into a deepening interest rate-spurred rout that’s wiped out virtually all of the summer gains in the S&P 500. Mouth-watering yields on corporate debt haven’t been enough to entice buyers while investors are increasingly…

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