New York Fed inflation expectations tick up after a long period of stability. www.newyorkfed.org/microeconomics/sce#/ Comes on the heels of UMich inflation expectations also ticking up. tradingeconomics.com/united-states/michigan-5-year-inflation-expectations ... too small + early to freak out, but not the direction of travel the Fed wants.

🇺🇸 *JEFFERSON COMMENTS IN Q&A FOLLOWING SPEECH AT CLEVELAND #FED - BBG *JEFFERSON: INFLATION HAS COME DOWN SUBSTANTIALLY FROM ITS PEAKS *JEFFERSON: US ECONOMY IS IN A SOLID POSITION *JEFFERSON: CONCERNED THAT DECLINE IN INFLATION HAS ATTENUATED *JEFFERSON: APPROPRIATE TO…

🌎 #Weekahead | Cooling Core #Inflation Will Offer Minimal Relief to the Fed - Bloomberg www.bloomberg.com/news/articles/2024-05-11/us-rate-cuts-cooling-core-inflation-will-offer-minimal-relief-to-the-fed?srnd=economics-v2&sref=ZVajCYcV pic.twitter.com/y6yPNV85Uf

I think it's wrong to call today's interest rates high. This is the result of going from right to left in the chart below ending up in 2007. But if you take into account that #inflation peaked at 14.8% in 1980 with the 2-year #yield spiking to 17%, and compare that to the 9.1%… pic.twitter.com/6DxnVF0rsX