The definition of Transitory is slowly changing to include a longer period.
FED'S QUARLES: IF INFLATION DOES NOT SETTLE BACK DOWN CLOSER TO THE 2% OBJECTIVE IN A YEAR, THE FED HAS THE TOOLS TO ADDRESS IT.
— Michael Lebowitz, CFA (@michaellebowitz) June 28, 2021
Hear, hear. t.co/gPO37XIgGp
— Sven Henrich (@NorthmanTrader) June 28, 2021
why would anyone buy a 10-year bond yielding 1.5% when the inflation rate is > 4% ?
— StockCats (@StockCats) June 28, 2021
FED'S QUARLES: THE FED IS ALSO AWARE THAT WE COULD BE MISTAKEN ABOUT INFLATION.
— Breaking Market News (@FinancialJuice) June 28, 2021