The Treasury market, though, hasn't been paying attention.
Watching the curveThe difference between the 10- and 2-year notes has widened significantly, increasing by about 12 basis points since the Fed meeting.
That sentiment is evident in the "breakeven" inflation rate, or the difference between standard Treasury and Treasury Inflation Protected Securities yields.
The 5-year breakeven rate, for instance, has risen 8 basis points since the Fed meeting and is up 20 basis points since Sept. 11.
watch nowFed officials aim for a 2% inflation rate, and none of the principal gauges are there yet.
Persons:
Anna Moneymaker, hasn't, Jonathan Duensing, — haven't, Robert Tipp
Organizations:
Federal Reserve, Getty, Treasury, Amundi, Fed, CME, Treasury Inflation
Locations:
Washington , DC