Fed's estimate of current, forward inflation < 4.5%, roughly

Investment Analysis Clubs Macro Economic Trends and Risks
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I placed the order for the 10/20/22 auction on 10/17/22 at Fidelity. Fidelity does not charge for executing Treasury auction orders. They charge $1 per $1,000 bond for secondary market orders.

Wendy

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yeah Jerry Fordā€™s WIN Buttons didnā€™t have much impact controlling inflationā€¦lol

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The Wall Street Journal is catching upā€¦

A 2013 reĀ­view by Tomas Havranek and Marek RusĀ­nak of the Czech cenĀ­tral bank of dozens of earĀ­lier paĀ­pers conĀ­cluded the maxĀ­iĀ­mum imĀ­pact on inĀ­flaĀ­tion takes two to four years in adĀ­vanced economies. In the U.K., a 1 perĀ­centĀ­age-point inĀ­crease in the polĀ­icy rate reĀ­duces out-put by 0.6% and inĀ­flaĀ­tion by up to 1 perĀ­centĀ­age point afĀ­ter two to three years, acĀ­cordĀ­ing to a 2016 paĀ­per by James Cloyne, then of the Bank of Eng-land, and Patrick HĆ¼rtĀ­gen of GerĀ­manyā€™s BunĀ­des-bank.

And a bit more, if I donā€™t run afoul of Copyright:

For cenĀ­tral banks, startĀ­ing to raise rates was hard; knowĀ­ing when to stop may be harder.