As the Federal Reserve prepares for its final monetary policy meeting of the year next week, a push to actually achieve target inflation on a symmetric basis is under active consideration by central bankers. Such a dovish shift would push the Fed toward embracing an even lower for longer interest-rate policy following the next recession – whenever that happens. Moreover, be aware of the potential for the Fed to start targeting an inflation rate exceeding 2% as soon as next year, providing more of a tailwind for the economy and financial markets than currently anticipated. Although the Fed has a 2% symmetric inflation ... (full story)