Yahoo! Finance – Inflation: The Fed ‘has been and is still behind the curve,’ strategist says

In a Yahoo! Finance feature on the latest Consumer Price Index report, Easterly Investment Partners Senior Portfolio Manager Josh Schachter said, “The Fed has been and is still behind the curve on inflation. It is running much hotter than I think people expected, and we do expect [a rate increase of] at least 75 basis points in a few weeks, maybe 100 basis points, but they won’t be done there.” Schachter also expects continued quantitative tightening and reduction of the Federal Reserve’s balance sheet. View.