“The Fed is holding the economy back, sitting a full point above where rates should be, and inflation scares are overstated, so rates need to come down to neutral this year.”
“a lot of the inflation excess over target has been a result of some quirks of measurement of things like portfolio management services, which is basically just the stock market going up, biasing the way we measure inflation up by 30 to 40 basis points.”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.