Paul Krugman

@paulkrugman ↗

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Last Checked July 27, 2022

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Wed Jun 29 16:36:45 +0000 2022

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Paul Krugman @paulkrugman

The 1Y5Y rate is market-based expectations for the 5 years starting 1 year from now. It's currently 2.32% — basically the Fed's target, given spread btw PCE and CPI. Basically the market now expects inflation to be ... transitory 2/ — PolitiTweet.org

Posted June 29, 2022

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Paul Krugman @paulkrugman

Aha. I've been arguing for a while that in addition to the usual measures of inflation expectations, we should be looking at what people expect in the medium term beyond 1 year. This site does just that 1/ https://t.co/QkOIRUiP9Z https://t.co/jdxMe4Oa96 — PolitiTweet.org

Posted June 29, 2022

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Paul Krugman @paulkrugman

To say what I always say, usually to no avail, not saying that the market is right. Only that there is no sign of persistent inflation getting entrenched in expectations 3/ — PolitiTweet.org

Posted June 29, 2022