Is the Fed Really Overestimating the Sticky Nature of Inflation?

I think they're slowly making their way, but they don't want to over promise in terms of the terminal rate if in fact inflation does show market improvement. But given the fact that the market and the Fed consistently underestimates the sticky nature of inflation, what we've seen is the Fed consistently revise higher their forecast now 230 basis points higher than that initial forecast in March of last year. Mike, help me here. Click on GetRefunds.com.