Our first webcast "Is the current inflation transitory or long-term?"" is published on youtube! - Part 3

The US FED had just crushed the mainstream transitory belief held by the inflation doves.

More than 70% believed that the current inflation was transitory but we didn't.  We had stated that it was not in our webcast video and we had nailed it again with our analysis.

https://www.cnbc.com/2021/06/16/fed-holds-rates-steady-but-raises-inflation-expectations-sharply-and-makes-no-mention-of-taper.html

The US FED had brought forward its rate hikes time frame and also raised its inflation projection this year.  Therefore, this meant that Janet Yellen (Treasury Secretary) was wrong to state that the current inflation was transitory.

From the latest dot plot chart, the market is expecting 2 rate hikes in 2023.

We'll be doing a more in-depth analysis on this topic in our next video.  Stay tuned!