Whiskey Business tickets are now on sale. Buy yours before prices go up!

Friday, July 2, 2010

The Cleveland Fed's Handy Inflation Chart and What It Means

Posted By on Fri, Jul 2, 2010 at 11:00 AM

inflation.jpg

Numbers, graphs, and economics are difficult. Here's an explanation of what this means from The Economist:

Other indicators of consumer expectations look similarly distressing. Consumer confidence, we learned yesterday, is down. And David Beckworth directs us to a fantastic new feature at the Cleveland Fed, which tracks changes in long-run inflation expectations over time.

Not only is inflation expected to be comfortably below the 2% target for the next ten years, but long-run inflation expectations, going out 30 years, have declined over the past month. This is a problem. And it is a little worrisome that the response from policymakers is a myopic focus on austerity.

Tags: , ,

Comments

Subscribe to this thread:

Add a comment

Newsletters

Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Calendar

© 2019 Cleveland Scene: 737 Bolivar Rd., Suite 4100, Cleveland, OH 44115, (216) 241-7550
Logos and trademarks on this site are property of their respective owners.


Website powered by Foundation