Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 22, 2022

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Sat Jul 16 18:14:01 +0000 2022

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Paul Krugman @paulkrugman

The more important news is that all measures of medium-term inflation expectations are now fairly encouraging. What we don't know is how overheated the economy remains. And right now different measures yield different answers 3/ — PolitiTweet.org

Posted July 16, 2022

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Paul Krugman @paulkrugman

This presumably explains why market expectations of near-term inflation have plunged. So, in the name of consistency, I should point out in advance that if we get an encouraging print for July, much of the good news will probably be transitory 2/ — PolitiTweet.org

Posted July 16, 2022

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Paul Krugman @paulkrugman

If I'm reading the schedules right, big data dump — PCE and ECI — on the 29th. Even then, however, there will still be room for people to believe what they want to believe 4/ — PolitiTweet.org

Posted July 16, 2022