Fed Targeting Vs. Base Metals: Battle of the Charts

The video features a discussion on economic trends, focusing on the Fed's 2% inflation target and price level targeting. Omar Sharif presents a chart showing the core PCE deflator's performance over 20 years, highlighting the Fed's misses. Guy Johnson analyzes the US 10-year yields and their divergence from metals, discussing potential market opportunities and risks, including the China factor and trade concerns.

What is the main issue discussed regarding the Fed's inflation target?

Explain the concept of price level targeting as mentioned in the text.

What implications does the speaker suggest about the inflation rate if the Fed aims for price level targeting?

Discuss the relationship between US 10-year yields and base metals as presented in the discussion.

What factors does the speaker mention that could influence the movement of yields?