News about inflation

Not encouraging for the Fed: New York Fed 5-year inflation expectations ticked up to 3% from 2.8%. UMich longer-term inflation expectations have also climbed a bit lately. Probably not enough to make officials freak out, but definitely something that they'll be keeping an eye…

📊May 2024 @NewYorkFed median #inflation expectations: ✅Down to 3.2% at 1-year horizon ✅Unchanged at 2.8% at 3-year horizon ⬆️Increased a little to 3% at 5-year horizon Nothing concerning for #Fed policymakers... unless of course you have a hawkish prior 😉 pic.twitter.com/CYs4v4QWng

📉Spoke to @chrisjcondon « @EYnews Chief Economist Gregory Daco says the Fed & financial markets would benefit from a forward-looking strategy for quelling #inflation, rather than reacting to each backward-looking data point » www.bloomberg.com/news/articles/2024-06-07/jobs-surge-to-reignite-fed-debate-over-how-restrictive-rates-are

From the @WSJ article, "Americans Really, Really Hate #Inflation—and That’s a Big Problem for the #Fed: The Fed for years has targeted 2% inflation. Some economists think 4% would give the Fed more room to get out of downturns." #economy #markets #federalreserve #econtwitter pic.twitter.com/his62jzVRI