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Inflation is being driven up by higher energy prices, which aren't going to be quelled by higher interest rates, Seaport analysts Jonathan Golub and Patrick Palfrey say in a research note. Overheating demand isn't the problem, they say. Tighter monetary policy can bring down inflation, but it will…
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but