The Fed Is Far Too Bearish About Inflation

We continue to believe that the Fed is far too bearish about inflation, says Jay Hatfield. He discusses the Fed's notes. He notes that the most participants acknowledged that inflation had moderated over the last 3 months. He also talks about how housing prices have declined by over 4% on an absolute basis over the last 5 months. He goes over how stocks fall following hotter-than-expected inflation data, as well as how the Fed could react to higher inflation. Finally, he mentions the market impact of a continued hawkish Fed. Tune in to find out more about the stock market today.