US inflation expectations at risk of de-anchoring – Boston Fed study
Authors say post-Covid spike has altered perceptions of future price stability
The risk of US inflation expectations de-anchoring may be greater now than before the pandemic, according to research from the Federal Reserve Bank of Boston.
The policy perspective, published on October 9, argues that the post-Covid inflationary episode may have caused US citizens to adjust how they formed their views about the future trajectory of inflation. The authors, Philippe Andrade and Michael Wicklein, say people may have been led to believe that inflation would remain higher than it had
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