More On Consumers’ Inflation Forecasts
My http://angrybearblog.strategydemo.com/2014/07/anchored-perceived-inflation-or-how-fox-news-helped-obama.html has received more attention than I would have guessed. This should be a semi-serious post on the topic. The puzzling fact is the persistently too high forecasts of next years consumer price index inflation reported in the University of Michigan Thomson Reuters Survey of Consumer Sentiment. The median forecast has consistently been over […]