US inflation outlook spells bad news for most asset classes, says economist

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Tips tipped for inflation protection

Despite the "tremendous complacency" about US inflation, rising commodity and rent prices, wage pressures, dollar weakness, the impact of quantitative easing and the rise in imports from China are all creating inflationary pressures, according to Tim Drayson, economist at Legal & General Investment Management in London.

Although the Federal Reserve has been more worried about deflation, the factors that have kept a lid on rising prices are now reversing and US inflation is already on the

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