The Fed is Sticking to Higher for Longer
Real Vision: Finance & Investing
00:00
Is the Fed Going to Abandon Their Inflation Target?
We've been on the tape with this more or less all year saying that they may and they will eventually abandon their inflation target of the 2% inflation target. The bond market effectively says, hey, look, we're already at the upper boundary of what we would consider to be a 2% average inflation target. So now if you, so there's not really much wiggle room from that perspective for them to do that anytime soon. But we've talked about our secular inflation model various points throughout the year. And in terms of projecting this sort of underlying mean of core PCE, it's saying, hey, on the high end of our estimate range, which is 2.32%,
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