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Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 1, 2022

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Wed Jul 06 13:58:33 +0000 2022

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Paul Krugman @paulkrugman

Looks like this. The 1X5Y number is consistent with the Fed's 2 percent target for PCE 4/ https://t.co/ailGCsgCCF — PolitiTweet.org

Posted July 6, 2022

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Paul Krugman @paulkrugman

And even the 5-year number exaggerates the problem: it's front loaded, with a lot of inflation expected in the near future. I've been doing this informally, but ICE is explicitly calculating expected inflation over the 5 years after next year 3/ https://t.co/sFNq5IXQdT — PolitiTweet.org

Posted July 6, 2022

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Paul Krugman @paulkrugman

To emphasize for the MMXXIIth time, not saying that the markets are right, only that they show no sign of expectations of inflation getting entrenched, which is what you need for stagflation 5/ — PolitiTweet.org

Posted July 6, 2022