US Bond Market Week in Review: Bullard and Brainard Challenge Conventional Inflation Thinking

      The Fed has publicly stated it has a 2% inflation target.  Yet inflation has been stubbornly uncooperative in reaching this level.  Although the PCE price deflator moved above 2% earlier this year, it has since decreased; both the overall and core rates are now 1.4%:

Source: XE news feed
US Bond Market Week in Review: Bullard and Brainard Challenge Conventional Inflation Thinking