As I’ve said before, Reality distortion can only work for so long before reality gets a vote.
Reposted from
Nick Timiraos
From the U-Mich consumer survey:
"Year-ahead inflation expectations jumped up from 3.3% last month to 4.3% this month, the highest reading since November 2023 and marking two consecutive months of unusually large increases."
It'll be interesting to see if the NY Fed survey shows a similar move.
"Year-ahead inflation expectations jumped up from 3.3% last month to 4.3% this month, the highest reading since November 2023 and marking two consecutive months of unusually large increases."
It'll be interesting to see if the NY Fed survey shows a similar move.
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