Even Dopey/Dollar is up a little the past few days. I think the Fed will have to go a lot higher with rates to kill their so called inflation outlook. I’m sure they are watching Gold re inflation. not wages they are way behind the curve. Oil gasoline nat gas etc are behind the curve lower too the past year.
So what inflation is left? Remember the everything bubble? Stocks Bonds and Real Estate? Stocks an bond prices are a little lower. Real estate? Rents Food? If they are higher its only because of inflation in Property Taxes.
How can the Fed fight Property tax inflation? Put them on the Futures Market. LOL.