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It's fairly clear — although not explicitly stated — that the goal of this pronouncement is to boost the economy right now through expectations of higher inflation and stronger employment than one might otherwise have expected.
That may help quash self-fulfilling expectations of higher prices.
Prices rose as colder temperatures in the Midwest raised expectations of higher demand.
Interest rates rose, but prices rose more as wage demands factored in expectations of higher inflation.
The result nevertheless disappointed analysts' expectations of higher pretax and net profit.
The risk is that lower expectations of higher interest rates will themselves send shares soaring again.
Rather it is a means to support expectations of higher inflation.
In 1992 grain prices soared, partly on expectations of higher inflation.
Rate increases fight inflation by slowing the economy, and fresh expectations of higher rates tend to push down stock prices.
Expectations of higher rates lures in foreign-exchange traders: a number of Asian currencies reached multi-year highs this week.
On Tuesday, a report of a surge in inflation in Britain added to expectations of higher rates in Europe.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com