Since 1993

With apologies for the frequency of expletives this week: Red f-cking alert. Five- to 10-year inflation expectations on the University of Michigan's closely-watched measure just stormed higher for a second month, hitting 3.9%. Add as many exclamation marks as you like, because if you know anything about that series, 3.9% is disastrously high. Recall that last month, the same survey-derived metric unexpectedly rose to 3.5% in the final read. That was a 30-year high on its own. Now, we're lookin

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today

View subscription options

Already have an account? log in

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

6 thoughts on “Since 1993

  1. No worries folks. Lutnick is already out there suggesting that expectations for stock and bond prices should be added to all data series measuring inflation expectations. That should fix it.