many investors have finally given up trying to call the turning point in inflation investors are betting big that the federal reserve will be able to ease off its fight against inflation the fed needs to push back to prevent the markets prematurely easing on its behalf last week showed the extreme sensitivity of markets when belowforecast inflation for october led to the secondbiggest drop in 10year treasury yields on record behind only the day in march 2009 when the fed said it would start to buy longdated treasurys