Wednesday, October 10, 2018
Atlanta Fed Inflation Expectations Continue Strength
Jerome Powell points strongly to the importance of inflation
expectations as central to keeping actual inflation stable. And
year-ahead inflation expectations at the business level are as strong as
they have been this expansion, up 1 tenth in October to 2.3 percent and
matching April this year as the highest for this series which goes back
to 2011. The rate itself may still be subdued but the trend is clearly
tilted higher. Yet the results do contrast with actual inflation as this
morning's report on producer prices was once again subdued. Watch for
Friday's consumer sentiment report which will include the latest update
on inflation expectations at the consumer level which have also been
tilting higher.
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