What factors are contributing to the current inflation situation according to the discussion?
Guggenheim's Minerd Says Fed Should Rip Band-Aid Off With 50 Basis Point Cut

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What are the implications of the Fed potentially overshooting its inflation target?
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How does the Federal Reserve's reliance on PCE as a metric for inflation impact its decisions?
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What is the significance of the yield curve in relation to recession signals?
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What recommendations does Scott make regarding the Fed's approach to interest rates?
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