### Comment:
It's 1.8 or 1.85. Pretty close. It's been 2.85 before and Yellen RAISED rates in December 2016 when it was 2.0.

### REPLY:
Fed targets 2% core PCE which runs 30 bps points under CPI. We are undershooting bigly on inflation and it's clear that 2% is the ceiling not the target. Nearly 100% of the misses are below 2%.  
  
 They've missed got something like 80 straight months.

### END.