Could inflation fall back below target?
Fed has 3 criteria when it comes to hiking rates;
1, inflation to reach 2% and stay there for a year
2, overshoot conditions regarding the 2%
3, max employment and labor market recoveryFirst point is ticked off, second is kind of maybe while the third has still not been ticked off.Let's turn to the infamous inflation. BofA writes;
1, inflation to reach 2% and stay there for a year
2, overshoot conditions regarding the 2%
3, max employment and labor market recoveryFirst point is ticked off, second is kind of maybe while the third has still not been ticked off.Let's turn to the infamous inflation. BofA writes;
