Recent PCE report didn't change modal outlook that mon pol is restrictive and will lead to gradual disinflationPortfolio management had an outsized influence on headline inflation, with market-based prices more in line with Fed's targetRecent inflation data mixed with headline figure stronger but promising signs in the detailsRecent increase in bond yields not a sign inflation expectations are increasingThis is what she's been saying for awhile. This article was written by Adam Button at investinglive.com.