Any chance the Fed's stance on inflation (I'm speaking mainly concerning forward guidance) is just a tough-guy stance for the time being... perhaps they know it's all empty promises once structural conditions weaken? Inflation largely spiked due to energy which catalyzed on a geopolitical swan event. We're now 3 months ahead of this pricing change which was a temporary blip. This could take time to work itself into market expectations in North America.. European energy pricing is another story obviously