A year on from the stock market's pandemic-inspired rout and for the first time since news of a successful vaccine trial broke in the autumn investors have started to cool on the post-Covid reflation trade, despite attempts by the Federal Reserve to cool concerns that the recovery will bring rising interest rates and higher inflation. 

Jonathan Davis Where we are at the moment The chairman of the Federal Reserve, Jerome Powell, did his best to calm investors' fears about an imminent inflation/bond market crisis in his testimony to Congress this week. This comes after one of the worst months o...