
There's No Magic to Fed's 2% Inflation Target
What Goes Up
The Fed's Focus on Core Services X-Helter
Rick Oppenheimer: In my career, I've never seen inflation stay so persistently high. He says data suggests that we're getting on the other side of this inflation trend. The Fed has focused on core services X-helter; shelter takes a while to come down and rent prices are starting to adjust. "I think we're on the backside of what has been a bludgeoning of the interest rate market," he says.
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