The Fed is “going for” a soft landing on the belief soft June/July Core CPI prints will be the start of a durable trend. Bear steepening and weak USD are already calling BS.
Core CPI didn't bottom until 1995, well over a decade after Volcker famously declared victory over inflation. The FOMC 's actions going forward regarding Core CPI won't have anything to do with a pandemic retrace of equity prices.
Core CPI didn't bottom until 1995, well over a decade after Volcker famously declared victory over inflation. The FOMC 's actions going forward regarding Core CPI won't have anything to do with a pandemic retrace of equity prices.
Core CPI didn't hit 2% till 2003. 20 yrs later