US inflation will settle persistently around 3% rather than the Fed's 2% target over the long term (inferred window: about 10 years, to 2033).

Pending ●●●●●

“I would be very surprised if we don’t find ourselves in a world with persistent ~3% inflation”

Said on: 2 August 2023 · Post on X explaining Pershing Square's short on 30-year Treasuries
Source: Bill Ackman is shorting bonds - sees a world of persistent circa 3% inflation · ForexLive (investingLive)
Should come true: by 2033
How sure they sounded: I would be very surprised if we don't
Categories: Economy
Importance: 3 of 5 · Long-run US inflation level drives rates, bond prices and policy

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