Investment bankers are not completely objective commentators. It's their interest to keep inflation down. (I'm not talking about asset prices but core inflation

Investment bankers are not completely objective commentators. It's their interest to keep inflation down. (I'm not talking about asset prices but core inflation). If you want to see what markets really think, look at daily Treasury Real Yield Curve Rates https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield https://www.treasury.gov/resource-center/data-chart-center/i... Real yields are negative. ps. Fed changed their inflation targeting. The target is still 2% core PCE but now it's average targeting. They will allow inflation go above 2% and start to act only after the average inflation reaches 2% (over some unspecified timeline). I believe Fed will have real fight to keep the inflation not going below 2% for the reasons Hartnett probably knows but don't wan to say.