---
title: Goldman:
description: "\"Market participants seem to agree that the risk to Fed independence is rising, as 5-year 5-year forward inflation swaps have recently decoupled higher from their prior close relationship with the 2-year note yield.\"\n\nSource: Nick Timiraos"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Goldman:](https://blog.syzgroup.com/syz-the-moment/goldman)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jul 23, 2025, 2:31:18 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/goldman)

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