There are 3 important reasons Wall Street’s simmering inflation worries are premature

Wall Street is worried about inflation as the passage of new tax cuts and a sharply higher budget deficit have raised fears of more aggressive interest rate hikes from the Federal Reserve. There are three reasons to believe the market is getting ahead of itself: signals from the Fed, the underlying inflation data, and a lack of wage growth. "The Fed is likely to err on the slow gradual approach," State Street's Michael Arone told Business Insider. Wall Street’s recent bout of volatility...