U.S. July Core CPI Shows Inflation Is Subduded

The video discusses the current state of inflation, highlighting the stabilization in core CPI and the Fed's focus on the services component. It explains the Fed's narrative that inflation will rise towards 2% and the challenges they face in achieving this target in the coming years, especially with muted inflation numbers.

What are the expected inflation rates the Fed is targeting for the end of the year?

In what way do muted inflation numbers affect the Fed's outlook on future economic conditions?