You can figure out if Wall Street’s biggest worry is for real by asking your boss one simple question

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• Wall Street’s nascent fears of inflation may be overstated given this week’s subdued data on consumer prices and averagely hourly earnings. 
• HSBC Global Head of Currency Strategy David Bloom tells Bloomberg TV inflation is nowhere on the horizon.
• “If you don’t believe me, go demand a pay rise from your boss this afternoon, see how you [fare],” he said.

Wall Street has grown worried about a possible spike in US inflation following the passage of tax cuts at a time when the unemployment rate is already at a 17-year low.

However, US inflation continues to undershoot the Federal Reserve’s official 2% target, as it has for most of the economic recovery from the Great Recession.

See the rest of the story at Business Insider

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