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Stocks clinch new records

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Stocks rally and Treasuries slip as the reflation trade gets a boost from higher than expected inflation. Eric Platt, US capital markets correspondent, reports. Traders are now betting that the Fed will raise interest rates in May. ► Subscribe to FT.com here: http://on.ft.com/2eZZoLI► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubsFor more video content from the Financial Times, visit http://www.FT.com/videoTwitter https://twitter.com/ftvideoFacebook https://www.facebook.com/financialtimes

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business news finance analysis FT Financial Times finance news international news global news set dull basic regular common normal routine staple formal banal trite typical usual extra unusual rare goods supply fund store reserve cache assets variety wares choice range produce array hoard backlog debt fact fowl herd swine cattle flock horses sheep beasts hogs pigs cows lineage descent family tribe house breed kindred strain race kin clan line type species folk property share funds paper capital bonds count figure review trust hope truth sell handle carry equip fill amass gather keep have save lay in use take spend give waste accession accretion addition agglomeration aggrandizement aggregation amassment augmentation build-up chunk collecting collection conglomeration enlargement gob growth heap hoarding hunk increase inflation intensification mass multiplication pile quantity stack stock trove upping ancestor antecedent antecessor blood breeding derivation extraction forebear 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