"While the move in discounted inflation can look big up close, it's actually modest by historical standards. It's nothing like what we saw in the 1970s and what we'd expect to see when markets price in a secular shift in inflation." https://t.co/2Y3UkU6sYA pic.twitter.com/hzhTVMzWhA

— Jesse Felder (@jessefelder) June 14, 2022