US inflation expectations had already been improving steadily in recent months, but last week, in the middle of the month Federal ReserveIn the two-day policy meeting, the dam finally broke.
Monthly reports on consumer and producer prices published on the morning of December 12 and 13 indicated that inflation over the past six months – as measured by the Fed’s preferred measure of inflation – has likely returned to the central bank’s target of 2% on an annual basis. .