2min chapter

Forward Guidance cover image

Nothing Destroys Inflation Like a Recession | Darius Dale

Forward Guidance

CHAPTER

The Fed's Forecast for Inflation

A seven, 10 spread is something that can presage a two, 10 spread. Two's 10s are telling you that at the Fed stays on this course, they're going to get there next year. And so eventually we expect asset markets to tell the Fed, hey, look, we're on the precipice of the cliff. Please stop tightening. You're going to push us over the cliff.

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