Fed decisions barely noticed by households – BIS paper
Researchers find even major events have only a muted impact on household inflation expectations
The decisions made by the Federal Reserve can upend stock markets, but they barely touch US households’ expectations on inflation, job status or personal finance, research published on August 5 finds.
Policy decisions only appear to impact households’ views on future interest rates on their saving accounts, the study concludes.
The Bank for International Settlements working paper is based on consumer surveys conducted by the Federal Reserve Bank of New York. The authors compare the survey
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