IEF - Treasury Inflation Forecasts Resume Slide Ahead Of Fed Meeting
A worrisome decline in the Treasury market's implied inflation forecasts that began last October appeared to stabilize in the new year. But over the last week, the downside bias has returned, raising questions about monetary policy ahead of tomorrow's Federal Reserve's policy meeting (Jan. 30), which will unveil new forecasts, a possible but unlikely change in interest rates and a press conference by Fed Chairman Jerome Powell.
The latest dip in Treasury inflation estimates is slight, but the so-far mild downturn of late follows several months of persistently lower projections and so it's fair to