Is the Federal Reserve Going to Tighten as Much as People Would Expect?

The game has changed. The central bank is not going to tighten as much as people would expect, given the inflationry backdrop. I think that this decade is more along the lines of these large fiscal spending packages. So i think in the tactical sense, bonds have informational value about inflation. But especially during periods of financial repression, there're not always very clear signals. And no acceleration or deceleration gets absolutely blind sighted for one reason or another.