BlackRock's Hegarty: Fed Will Miss Inflation Target

The video discusses inflation expectations in the US, focusing on Janet Yellen's comments and the Fed's stance. It explores the sources of inflation, particularly in services and shelter, and analyzes market expectations for future inflation. The discussion also covers global factors affecting inflation and the role of inflation-linked securities. The Fed's potential strategies to manage inflation expectations are highlighted, considering global financial conditions and events like Brexit.

Discuss the disconnect between market expectations and actual inflation rates.

What role do global financial conditions play in the Fed's inflation strategy?