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There Are No Doves Left At The Federal Reserve | Nick Timiraos
Forward Guidance
The Cost of Undermining Fed Guidance
Mark O'Mara: What do people think it's going to be both the market inflation break even rate, but also perhaps more importantly, the consumer expectations of inflation. I believe on the last June FOMC meeting, not only was it a high inflation reading, but also was a Michigan consumer survey that indicated that consumers expectations of inflation were growing up. And that was what what occasion to the 75 basis point rise instead of the 50 basis point rise. But if you look at market based inflation measures and maybe they're entirely wrong one year ago, he says. The market right now has brought down substantially their their expectations of where CPI is 12 months ahead. They think we're going
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