Forget It
May 29th, 2007 by 
reality
Think the Fed might ease soon?
Think again. Bernanke has made it clear that he considers inflation expectations more important than actual inflation, core or otherwise. In the consumer confidence release this morning, inflation expectations jumped. Consumers expect 5.5% inflation over the next 12 months. That reading is up sharply from 5.1% in April and the highest since last August.
Posted in Income & Consumption, The Fed | 