Is a Stock Market Correction Overdue? Inflation Above 2% is Here to Stay

While the Federal Reserve may not let inflation to run hotter than 3% on a persistent basis, long-term, the economy will unlikely return to a disinflationary environment, said Thomas Hayes, managing member of Great Hill Capital. 

“[The Fed] won’t let it get away from [3%], they’ll raise rates ahead to pre-empt it. Certainly, I don’t think we’re going to see a sub-2% [inflationary] environment like we’ve enjoyed for the last 20 years,” he said.

- Source, Kitco News