Didier Darcet
21 October 2022

Persistent Inflation

The Fed is very vocal in reaffirming its objective to bring US inflation down below the mandatory level of 2%. If history is of any help, we show evidence that such a target is no coincidence.

Furthermore, if the Fed misses the target and manages to bring inflation back down to 3.5%, the S&P 500 will most likely not protect investors from persistent capital destruction.