It's a strange environment. Yesterday the fed presidents were all singing the same tune-rate cuts may not be coming. At the same time, this guy is quoted this morning:

> Goldman Sachs Chief Economist Jan Hatzius said he still expects three interest rate cuts from the Federal Reserve this year.

siggy47

econ

3% Inflation Target Looks Like A Done Deal

They can't do that. They would lose the very little trust they have left. However they have insisted many times that they won't change the target. So that ultimately means they will change it. Like the oh inflation is just transitory and so on. 