Markets
Friday, 8/21, 09:57 PM
Everyone is talking about debasement. The bond market says inflation expectations are 2.3%
- Gold is at the top of its range, bitcoin had its best week since 2023, and a former IIF chief economist says the Treasury is playing with fire.
- There is one number that settles what the bond market actually expects inflation to be, it is published daily by the Federal Reserve, and on Thursday it was about 2.3% across every maturity.