More than 8% is what they're saying inflation is at, but Siegel says it's nowhere near that really.
It's actually negative (not even just at 0). We're in negative core inflation mode, if the Fed uses the right stats. They've been using faulty statistics, he says.
They should use the ACTUAL home and rental price in. The one the Fed uses is lagged.
He thinks they'll probalby go 50 and then announce a pause.