ALERT! Here Comes AN UNLIMITED BOND BUYING PROGRAM! Expect Inflation To SKYROCKET! Mannarino

• ECB Bond Tool Seen Having No Limits as Steeper Rate Hikes Loom
  by Jana Randow and Harumi Ichikura, https://finance.yahoo.com/
  The European Central Bank will unveil an unlimited bond-buying tool next week to help markets better adjust to steeper and faster interest-rate increases than previously thought, economists surveyed by Bloomberg say.
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  Almost 80% predict the instrument, known as the Transmission Protection Mechanism, will carry light conditions for governments it’s used to help. Nearly all expect the liquidity its purchases create to be reabsorbed in a process called sterilization.
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  As already-record inflation approaches double digits, economists see the ECB accelerating rate hikes following liftoff on July 21. But they still consider it behind the curve, with the Federal Reserve kicking off monetary tightening back in March and now weighing an historic 100 basis-point move this month.
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  The ECB conceded action was necessary after long arguing inflation is temporary. But as bond yields in the euro zone’s more-indebted members jumped at the prospect of the first rate hikes since 2011, officials decided they needed an instrument to run in parallel so monetary policy is effective.
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