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Expectations of future property inheritance may therefore lull today's savers into a false sense of security.
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Expectations of future macro policy may matter, as well.
Americans' expectations of future inflation have not yet risen much.
What ought to matter instead are expectations of future costs and future returns once the factory is operational.
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.
As long as expectations of future price changes are stable, policymakers can breathe easily.
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.
Meanwhile, inflation is slowing, and market expectations of future inflation have plunged.
As a group, stock analysts have been slow to reduce their expectations of future corporate profits.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com