U.S. Inflation Reaches Six-Year High at 2.8%

The video discusses the current inflation trends, highlighting the slow-moving nature of core inflation and emerging cyclical pressures. It examines market reactions, particularly the sell-off across the curve, and analyzes medium to long-term inflation expectations. The discussion also covers the Fed's potential rate hikes, driven by faster-than-expected inflation and a tight labor market. Finally, it addresses global risks and the Fed's focus on domestic mandates, such as US inflation and the labor market.

What factors are influencing inflation expectations according to the speaker?

What concerns does the speaker mention regarding global risks?