Consumers' inflation expectations are coming down slowly – possibly removing one potential self-fulfilling prophecy from the list of things the Federal Reserve has to worry about. GWilliamsJr_CMT writes
) started the week in positive territory, up 1.5% and 4% respectively on higher than average volume.consumer inflation expectations
The expected 5% increase in prices is fairly in line with top Fed officials' expectations for 2023 interest rate levels.The narrower spread between price increases and rate levels will be important in stemming inflation. For comparison, the inflation rate in March 2022 was 8.5%, with a then-federal funds target rate of 0.25% to 0.50%.
Traditional markets were mixed on the data, with the NASDAQ composite trading higher, while the Dow Jones Industrial Average and S&P 500 trading lower.
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