In this short (as explained in the podcast below and in this thread), the bond market is troubled by "persistent" inflation above 2% and core PCE above 3% that are not being addressed. https://t.co/TV0OH7VROo — via @biancoresearch
Why it matters
Persistent inflation above 2% and core PCE above 3% signal unresolved Fed policy risk.
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Aug 24, 2026 06:54 PM ET