I acknowledge that this data isn't perfect, but here is one measure of market based expectations of inflation: https://twitter.com/conorsen/status/1546855290913

I acknowledge that this data isn't perfect, but here is one measure of market based expectations of inflation: https://twitter.com/conorsen/status/1546855290913660928 https://twitter.com/conorsen/status/1546855290913660928. The market generally factors in a lot of things, it's not looking at 1.5% rates, it's looking at what the fed has effectively committed itself to doing. It's looking at 3% rates by the end of the year.