The Atlanta Fed's macroblog provides commentary on economic topics including monetary policy, macroeconomic developments, financial issues and Southeast regional trends.
- BLS Handbook of Methods
- Bureau of Economic Analysis
- Bureau of Labor Statistics
- Congressional Budget Office
- Economic Data - FRED® II, St. Louis Fed
- Office of Management and Budget
- Statistics: Releases and Historical Data, Board of Governors
- U.S. Census Bureau Economic Programs
- White House Economic Statistics Briefing Room
October 14, 2005
Household Inflation Expectations: No Improvement
For U.S. consumers the gloom persists, or says today's release of the University of Michigan's index of consumer sentiment. From Reuters:
U.S. consumer confidence unexpectedly fell for a third month to the lowest in more than 13 years as concerns persisted about high energy prices and hurricane-related economic disruption.
The University of Michigan's preliminary index of consumer sentiment decreased to 75.4 from 76.9 in September. Televised scenes of widespread destruction from Hurricanes Katrina and Rita and the jump in energy prices that followed reduced consumer confidence last month to the lowest since a reading of 73.3 in October 1992...
The preliminary October current conditions index, which reflects Americans' perceptions of their financial situations and whether it's a good time to buy big-ticket items, fell to 95.7 from 98.1 in September. The prior reading was the lowest since December 2003.
The expectations index, based on optimism about the next one to five years, decreased to 62.4 from 63.3. That's the lowest since February 1992, when it was 61.8.
Even more to the point if you are a central banker, inflation expectations have not retreated from their large post-Katrina spike. Here's the picture of the average survey response:
Those average responses contain some rather large outliers, so we generally look to the median response as a better guide to what the representative survey respondent is thinking. That picture, however, provides no more comfort:
The long-term expectations are, of course, quite a lot more muted, and those are the ones we really care about. Still...
TrackBack URL for this entry:
Listed below are links to blogs that reference Household Inflation Expectations: No Improvement:
- Is the Number of Stay-at-Home Dads Going Up or Down?
- Labor Force Participation: Aging Is Only Half of the Story
- Putting the MetLife Decision into an Economic Context
- The Rise of Shadow Banking in China
- Which Wage Growth Measure Best Indicates Slack in the Labor Market?
- Collateral Requirements and Nonbank Online Lenders: Evidence from the 2015 Small Business Credit Survey
- Are Paychecks Picking Up the Pace?
- Introducing the Refined Labor Market Spider Chart
- Shrinking Labor Market Opportunities for the Disabled?
- Are Long-Term Inflation Expectations Declining? Not So Fast, Says Atlanta Fed
- April 2016
- March 2016
- February 2016
- January 2016
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- Business Cycles
- Business Inflation Expectations
- Capital and Investment
- Capital Markets
- Data Releases
- Economic conditions
- Economic Growth and Development
- Exchange Rates and the Dollar
- Fed Funds Futures
- Federal Debt and Deficits
- Federal Reserve and Monetary Policy
- Financial System
- Fiscal Policy
- Health Care
- Inflation Expectations
- Interest Rates
- Labor Markets
- Latin America/South America
- Monetary Policy
- Money Markets
- Real Estate
- Saving, Capital, and Investment
- Small Business
- Social Security
- This, That, and the Other
- Trade Deficit
- Wage Growth