๐บ๐ธ The Fed on Inflation Since 2021:
1. May 2021: Inflation is "transitory"
2. Dec. 2021: Inflation may not be transitory
3. Jan. 2022: Inflation should fall to 2.5% in December 2022
4. May 2022: Inflation should fall to 4.3% in December 2022
5. Jan. 2023: Inflation will hit 3.5% in December 2023
6. Jul. 2023: Inflation will hit 2.5% in December 2024
7. NOW: Inflation won't hit 2.0% target until AFTER 2025
Core CPI inflation now stands at 4.3% and has been above 4.0% for 27 straight months.
