SCHQ - Inflation Reflation Or Something Else?

• The TIPS rate along with a minimally higher 10-year is declared proof positive the Fed has been successful at its inflation engineering when there's everything here (including oil, too) to contradict that assessment.
• Inflation expectations right now are the highest in years while at the same time real economic expectations, produced from the very same instruments, are at or nearing record lows.
• Demand right now is far from surging (above), meaning that the only inflationary signal in the whole bunch is WTI being pushed upward on hopes that vaccines will make all the difference.

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