November 6, 2013
AND THEY'RE WILDLY OVERESTIMATING IT:
Cleveland Fed Estimates of Inflation Expectations (Cleveland Fed, October 30, 2013)
The Federal Reserve Bank of Cleveland reports that its latest estimate of 10-year expected inflation is 1.73 percent. In other words, the public currently expects the inflation rate to be less than 2 percent on average over the next decade.
Posted by Orrin Judd at November 6, 2013 8:06 PM
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