Testifying before the Senate Banking Committee on March 7, Federal Reserve chairman Jerome Powell said he is prepared to accelerate interest rate hikes as economic growth and labor shortages continue to fuel inflation. Meanwhile, the Fed is still sitting atop a massive $8.4 trillion portfolio of bonds it bought through economic stimulus programs. This portfolio…
Behind Interest Rate Hikes Sits Trillions in Bonds the Fed Must Unload
March 8, 2023
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Americans’ Inflation Expectations Hit Record High: New York Fed
July 12, 2022
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Americans’ short-term inflation expectations have reached a new high, according to the latest data from the June 2022 Survey of Consumer Expectations by the Federal Reserve Bank of New York. “Median one-year-ahead inflation expectations increased to 6.8 percent, from 6.6 percent in May, marking a new series high,” the Fed said on July 11, detailing…
Yields Will Soon Collapse
Commentary The Federal Reserve is on the cusp of making its biggest policy mistake in modern times and it is seemingly unaware of the damage it is about to cause. Despite appearances of a robust labor market, rising corporate profits, and high asset prices, the underlying economy is rather weak. For many Americans, high inflation…
Americans’ Near-Term Inflation Expectations Stuck at Record High
January 10, 2022
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Americans’ expectations for what inflation will be one year from now remained stuck at a record high for the second month in a row in December, according to a survey from the New York Federal Reserve, which also showed households anticipating a historic boost in earnings. Consumers’ expectations for what inflation will be at the…
Long-Run Inflation Expectations Rise Among Manufacturers in Sign of More Persistent Price Pressures
November 19, 2021
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A regional Fed report on manufacturing activity paints a picture of more persistent inflation, with prices paid and received indexes near their all-time highs and producer expectations for the long-run inflation rate seeing a relatively sharp uptick. The Philadelphia Federal Reserve Bank’s November 2021 Manufacturing Business Outlook Survey, released Nov. 18, shows that manufacturing activity…
Fed’s Williams Says Inflation Expectations Well-Anchored but ‘Great Deal’ of Uncertainty Remains
September 28, 2021
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New York Federal Reserve Bank President John Williams on Monday said that expectations for future rates of inflation remain well-anchored around the Fed’s 2 percent objective, though he acknowledged upside risks and the persistence of a “great deal of uncertainty” around the inflationary outlook. Williams made the remarks via video call on Sept. 27 at…
Consumer Inflation Expectations Jump to 8-Year High: NY Fed
Inflation expectations among American consumers rose to an eight-year high in August, according to a new survey from the New York Federal Reserve. Both the short-term and medium-term inflation expectations in August rose to their highest levels in the history of the series, which dates back to 2013, according to the Sept. 13 survey. Consumers’ expectations…
Kansas Fed Chief Warns Policymakers to Be on Guard for Rising Inflation Expectations
Kansas City Federal Reserve President Esther George on Wednesday struck a cautionary note about consumers’ expectations for further price increases, urging policymakers to monitor inflation expectations carefully as they mull dialing back the Fed’s extraordinary support measures for the economy. U.S. consumers are much more aware of inflation levels today than they have been over…
Consumer Inflation Expectations Rise to 8-Year High: Fed Survey
Medium-term inflation expectations among American consumers rose to an eight-year high in July, according to a survey released on Monday by the New York Federal Reserve. Consumers’ expectations for what inflation will be at the three-year horizon increased from a median 3.6 percent in June to 3.7 percent in July, the highest level since August 2013,…
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