31. By slowing economic growth, higher rates can lower the threat of rising inflation, cooling demand for gold as a hedge against inflation. 32. Canadian government bonds rose amid optimism U.S. reports tomorrow and Friday will indicate the economy is slowing, cooling the threat of rising inflation. 33. Concern about rising inflation in Italy and Spain conjured prospects of rising interest rates in Europe even as economies already show signs of slowing. 34. Colombian stocks were little changed as optimism about falling interest rates was offset by worries about rising inflation. 35. Corporate executives and union officials increasingly argue that the U.S. economy is capable of greater growth without rising inflation. 36. Despite efforts by the Federal Reserve Board to slow it down, the economy continues to expand at a rate usually associated with rising inflation. 37. Disappointed investors drove bond yields higher as a rising inflation rate erodes their value. 38. Disappointed investors drove bond yields higher on concerns that a rising inflation rate will eat into the value of bonds. 39. Economists use the phrase non-accelerating inflation rate of unemployment, or nairu, to describe the level at which falling unemployment threatens to set off rising inflation. 40. Elsewhere, the causes of rising inflation have always been too complex to be summarized by simply comparing unemployment to even a semistable natural rate. |