Target Inflation At 2%, Why?

Joe Quinlan, Chief Market Strategist, US Trust-BOA Private Wealth Management

21-Feb-23 07:00

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After stronger than expected CPI and PPI numbers, the Fed seems to be struggling to contain inflationary pressures. We ask Joe Quinlan, Chief Market Strategist at US Trust-BOA Private Wealth Management what does this mean for the terminal rate and why does the Fed still keep to it's 2% inflation target.

Image credit: Shutterstock

Produced by: Michael Gong

Presented by: Wong Shou Ning, Chong Tjen San, Shazana Mokhtar

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Categories: markets

Tags: us inflation, federal reserve, euro,

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