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The Fed's Forecast for Inflation
The December 2021 projections of what the federal funds will be will in 2022, 2023, 2024, and then the longer term. So much higher than the December 2020 FOMC meeting, where I believe Fed Sharepal announced his flexible average inflation target. The market is very much thinking that this is going to be a very shallow rate has high goal and the Fed is going to have to start cutting again.