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Although professional forecasters' expectations of future inflation have stabilised, the proportion of ordinary folk expecting higher prices has risen.
Expectations of future macro policy may matter, as well.
Americans' expectations of future inflation have not yet risen much.
As a group, stock analysts have been slow to reduce their expectations of future corporate profits.
An Ifo index gauging expectations of future business conditions fell to 99.3 from 100.7.
Expectations of future property inheritance may therefore lull today's savers into a false sense of security.
But that becomes harder if it persists and raises expectations of future inflation.
In this story inflation rises in the present because expectations of future inflation have risen.
Had Lehman been rescued the criticism would have intensified, as would firms' expectations of future rescues.
Monetary expansion is ineffective unless it can raise expectations of future inflation.
As long as expectations of future price changes are stable, policymakers can breathe easily.
More suggestions(21)
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com