Half Anchored

Published on October 16, 2023 by Premium

Median longer term inflation expectations have been returning towards 2%, but the median hides significant dispersion that has widened and persisted. A range of surveys finds that a notable fraction of survey respondents since 2021 have revised their expectations away from 2%. At least a third of households now appear to have durably revised their inflation expectations to above 4% in the coming years. Surveys of business inflation expectations also show an upward shift but […]

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