Wed, 28 April 2021 | Written By: Neil Wilson Neil is chief market analyst for Markets.com and also writes for the Investors Chronicle as ‘The Trader’, with the daily market outlook published online each morning. Can the Fed beat inflation? Perhaps the single biggest question mark over the broader economic picture and the macro-outlook is one of inflation. This is the key doubt we might have about the current pace of Fed policy and its willingness to look through what it sees as temporary rises in prices. Over the next few months, we will get a great deal more clarity over just how strong the inflation impulse is, how long it is likely to last and what this will imply for the path of inflation expectations, Treasury yields and Fed policy. The Fed says it will look through this – the question is really whether this is the right thing to do.