Long-Term Inflation Expectations Reach 12-Year High

Long-Term Inflation Expectations Reach 12-Year High
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Daniel Lacalle
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Commentary

According to the University of Michigan, inflation expectations for the next five to 30 years reached a 12-year high of 3.2 percent. At the same time, the consumer sentiment index declined to 63.5, compared with a pre-pandemic high of 300. The deterioration in the situation of consumers is evident.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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