The Fed Has Missed Its 2% Inflation Target for 64 Straight Months— And One Market Strategist Says It Has 'Lost All Credibility'
The U.S. inflation rate has remained above the Federal Reserve ‘s 2% target for 64 consecutive months, prompting market strategist Charlie Bilello to highlight staggering cumulative “price Increases” over the last seven years, even as the latest government data indicates a short-term cooling trend. 64 Months of Missed Targets In response to the latest Consumer Price Index (CPI) figures, Bilello pointed out that June 2026 marks 64 consecutive months with inflation running above the Federal Reserve’s 2% goal. Reacting to this sustained inflationary period, Bilello declared, “The Fed has lost all credibility when it comes to fighting inflation.” 64. As in 64 consecutive months with US inflation above the Fed's 2% target. The Fed has lost all credibility when it comes to fighting inflation. pic.twitter.com/FHWlOX572E - Charlie Bilello (@charliebil...
S. inflation rate has remained above the Federal Reserve ‘s 2% target for 64 consecutive months, prompting market strategist Charlie Bilello to highlight staggering cumulative “price Increases” over the last seven years, even as the latest government data indicates a short-term cooling trend. 64 Months of Missed Targets In response to the latest Consumer Price Index (CPI) figures, Bilello pointed out that June 2026 marks 64 consecutive months with inflation running above the Federal Reserve’s 2% goal. ” 64.
As in 64 consecutive months with US inflation above the Fed's 2% target. The Fed has lost all credibility when it comes to fighting inflation. ” According to his analysis, the cost of everyday staples has skyrocketed: a pound of coffee is up 127%, ground beef has surged 79%, a dozen eggs have increased by 72%, and shelter costs have risen by 35%. S.
Bureau of Labor Statistics reported immediate relief in its June 2026 summary. 4% on a seasonally adjusted basis, representing the largest one-month decline since April 2020. 2% annual rate. 6% year-over-year.
7% drop in gasoline prices. 6% likelihood of the Federal Reserve leaving the current interest rates unchanged during July’s meeting. Experts Weigh In on Disinflation Financial experts viewed the June CPI data as a positive sign for the economy. S.
-Iran memorandum of understanding. Echoing the sentiment that immediate i nflationary pressures are easing, Jamie Cox of Harris Financial Group stated, “If you were looking for runaway inflation in this report, you didn’t get it”. How Have Markets Performed In 2026? 99% year-to-date.
53% YTD. The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ), which track the S&P 500 and Nasdaq 100, respectively, were high in premarket on Wednesday. 49. 93 on Wednesday.
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