Inflation is up 6% and while the Fed continues to move towards its goals delaying a rise in interest rates until late 2022/early 2023. Yet we must admit that with current market uncertainty it is doubtful they will wait that long.
The Federal Open Market Committee meeting today is expected to announce they will begin tapering its bond buying program.
Yield curves on Govt. Bonds have been flattening across the globe as central banks are likely ending an era of unencumbered monetary policy, according to Bloomberg.