11.   A benign inflation outlook buoys bonds because it means fixed interest and principal payments retain their value better over time.

12.   A benign inflation outlook and robust earnings prospects have also been forces behind the rally.

13.   A declining budget deficit also gives Fed policymakers more breathing room as they gauge the inflation outlook because excess government spending is considered a short-term boost to economic growth.

14.   A month earlier, the inflation outlook was more serene.

15.   A low inflation outlook has driven the yield on longer-dated securities lower.

16.   A. In our view, for the foreseeable future the inflation outlook is nil.

17.   Along with growth levels, rising wages pose a risk to the inflation outlook.

18.   Bundesbank council members have also toned down their warnings about the inflation outlook.

19.   But in no way has the inflation outlook worsened by that much.

20.   But that does not mean the Fed is complacent about the inflation outlook.