Inflation Is Cooling. But is 2% Out of Reach?

While the latest CPI report shows inflation cooling, it remains above the Federal Reserve's 2% target, leaving questions about whether the goal is achievable. BlackRock's Rick Rieder suggests the economy is approaching acceptable levels and that further rate increases may not be the best tool for reducing inflation. The market's primary concern has shifted to long-term yields, where fiscal deficits, Treasury issuance, and AI-related financing are driving real rates higher.