Market inflation expectations fall to lowest since 2009

Yellen reiterates view inflation will rise gradually

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The bond market isn't buying what Federal Reserve Chair Janet Yellen is selling on inflation.

While she reiterated last week that the Fed expects inflation to gradually rise back near 2 percent, long- and short-term market forecasts for price gains have plunged to their lowest levels since 2009. That's even though oil prices have rebounded almost 20 percent since late last month.