A comment on housing, inflation, and Fed policy (and a side comment on spending) No big economic news today, and as usual little State reporting on COVID over the weekend, so let me make a couple of points. As an initial note, the big report I will be paying attention to this week is personal […]

This post will be long, fairly wonky, and confused.  I am typing, because I just have  to stop playing with FRED and write something.   My claim is that expected inflation over the next 5 (and 10 and 20) years is very similar to actual inflation over the past year.  I think the data generally […]