11 Jun 2022 10:46 am
This link is not remotely related to the subject. How does consumer inflation expectation relate to the inflation as a result of bad policy. Consumer expectation is merely a random survey asking consumers if they expect higher prices in the future. Consumers don't tend to be economists for the most part.Blackvegetable » 26 May 2022, 5:36 pm » wrote: ↑ US consumers still largely expect the current inflationary shock to be temporary, and for price gains to be low and stable in the longer run, according to a report released Thursday by the Federal Reserve Bank of New York.
The survey, which confirmed earlier findings from the New York Fed, showed that while short-term inflation expectations are rising, consumers expect prices to rise by about 3% in five years. That suggests they expect the near-term surge in prices to fade over time, according to the researchers.
“While short-term inflation expectations have continued to trend upward, medium-term inflation expectations appear to have reached a plateau over the past few months, and longer-term inflation expectations have remained remarkably stable,” the researchers wrote in a blog post that was co-authored by New York Fed President John Williams.
https://www.bloomberg.com/news/articles ... f=lMtIv2Vb
What is your prediction for inflation? Be specific. Should only require a few number predictions. Inflation for next quarter, and next year. Predictions help to assist in determining whether your economic assessments are valid or in need of a more comprehensive learning. So far your assessments have been completely wrong, claiming Biden's policies wouldn't result in high inflation. No need to post some obscure link which doesn't address the issue. Most would prefer YOUR assessment, not someone else's assessment from a google search.
What do YOU believe is responsible for the high inflation?