Chart 3  Structural Issues in Local Currency Corporate Bond Markets in Emerging East Asia Annual Bond Market Liquidity Survey 4 more important  3.3  3.2 3.0  3  2.9  2.9  Transaction funding  FX regulations  2.7  2.7  3.0  2 less important 1 Greater Transparency diversity of investor profile  Hedging mechanisms  Settlement & custody  Tax treatment  Market access  Notes: 1.
So far at least, there is not much evidence that inflation is becoming broad-based or ingrained in our economy; indeed, increases in the price of a single product – gasoline – account for the bulk of the recent increase in consumer price inflation.1 Of course, gasoline prices are exceptionally important for both family finances and the broader economy; but the fact that gasoline price increases alone account for so much of the overall increase in inflation suggests that developments in the global market for crude oil and related products, as well as in other commodities markets, are the principal factors behind the recent movements in inflation, rather than factors specific to the U.S. economy.