Inflation expectations elevated despite Fed rate hikes, falling gas prices

Yahoo Finance's Akiko Fujita discusses inflation expectations and the Fed's inflation target using the chart of the day.

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AKIKO FUJITA: It is time now for our chart of the day. Inflation expectations still elevated despite a hawkish Fed and oil prices coming back down to Earth. You can see the trend from this stand chart graphic tweeted out by former PIMCO CEO Mohamed El-erian yesterday. Ben Emmons over at Medley Global Advisors has also made the same point. He says in a new note, the difference between normal and real yields is again widening. In short, the market is pricing the Fed may not be able to return inflation to 2% target for at least 10 years. That is a long time, 10 years.