Fabius stressed the need for vigilance to ensure creeping inflation did not undermine growth.
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The Bundesbank policy council convenes on Tuesday and may raise interest rates to combat creeping inflation.
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Creeping inflation is a term used to describe a gradual rather than drastic increase in prices.
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Of course, investors always worry about the market's traditional jinxes-- slowing profit growth and creeping inflation.
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Secular, or chronic, inflation is basically creeping inflation that continues to persist over a long period of time.
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Traders snapped up Treasuries on expectations that U . S . economic reports this week will ease concerns about creeping inflation.
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The Bundesbank may move to combat creeping inflation by raising interest rates ahead of the Thursday meeting of its policy council.
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Taking the rate of creeping inflation into account, German parties have had a hard time to keep up their previous spending levels.
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As James's reign progressed, his government faced growing financial pressures, due partly to creeping inflation but also to the profligacy and financial incompetence of James's court.
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While its target for overnight lending between banks hasn't budged since January 1996, creeping inflation may push the Fed to raise rates before June, he said.
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