After 8 Straight Months of 3% Inflation, Experts Wonder When the Fed's 2% Goal Will Happen

For the past eight months, the annual rate of inflation has held between 3% and 4%.

That’s even after the Federal Reserve raised interest rates to their highest level since the 1980s as it sought to bring the pace of price increases back toward its official 2% goal. Central bankers believe that by using high interest rates to slow the pace of borrowing and demand for money, price growth, and thus inflation, falls...

"I think that the market got ahead of itself when it came to how fast we'd get back to 2%," said Michael Antonelli, managing director and market strategist at the financial group Baird & Co...

"A 'soft landing' implies we are near some kind of ground, but we’ve bounced into the 'no landing' category," Antonelli said.