Inflationary Expectations

Check out the accompanying pdf and chart collection. (1) Powell says inflationary expectations still well anchored. (2) Powell is relieved that Fed doesn’t have the same problem with sliding inflation as ECB and BOJ do. (3) Powell should set up dashboard for key inflation indicators. (4) One-year and three-year inflationary expectations currently at 4.0% and 3.6% according to FRBNY survey. (5) Americans most hurt by inflation see more of it than others do. Are they more alert to it? (6) Other surveys also show elevated short-term inflationary expectations. (7) Wage pressures rose during Q2. (8) Earned Income Proxy at record high.