It’s All About the Nuance…
Watch out for a shifting focus. Central bankers know the old 2% inflation target is no longer working. Get ready for them to shift that rate higher.
It’s the nuance.
Not so much what they say…
Nor what they don’t say…
But, the flexibility in which they choose the words they use.
As seen in the following report from Bloomberg.
To give the game away in advance, that 2% inflation target is starting to look a little more flexible.
It’s the nuance…
Bloomberg reports:1
‘Federal Reserve Governor Adriana Kugler said…
