inflation transitory, peak or going to go up even more??

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saw this article today

” Long-end inflation breakevens are entering “Timiraos article territory” Almost back to the cycle peaks from 2yr lows in under a month”

seems like inflation expectation went UP (to almost 52 weeks high) not down

what caused inflation expectation to skyrocket recently?????

how come we have sky rocketing higher inflation expectation when we have constant rate hike

is fed losing control of inflation

🤦‍️

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