Fed Decision Countdown, Real Estate Risks, and Striking a Deal 7/26/23
The Exchange
00:00
The Fed's Expectations for Inflation
Inflation is headed in the right direction. It may take a while to get back to the Fed's target. The rise in yields, the nominal yields we've seen over the past couple of weeks has mostly come in because of higher inflation expectations. Higher for longer would mean that those cuts might have to get pushed out further into the later half of 2024. We're not there yet, but when you start to see some more volatility across markets, that's probably where we'll be.
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