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Watching out for the Hole

Both remains below the 2.0% Fed target. So is the market-based measure of inflation expectations - the yield differential between the nominal 10-year US Treasury bond and the 10-year US Treasury Inflation Protected Securities (TIPS). The differential stood at 1.75% last night, down from 1.87% at the end of June.

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Read more: FedWall StreetFOMCDowUS Treasury bondUS Treasury Inflation Protected SecuritiesUS GDPFed Chair Janet YellenJackson HoleAlan GreenspanBen BernankeCCMChris CiovaccoCiovacco Capital ManagementDynamicsFed funds futures pricesS&P 500 index