UMich Inflation Expectations Unexpectedly Soared Again In November, Sentiment Slumped
https://www.zerohedge.com/personal-finance/umich-inflation-expectations-unexpectedly-soared-again-november-sentiment-slumpedAfter soaring in October, UMich surveyed inflation expectations were expected to moderate slightly in preliminary November data. They did not!
12-month inflation expectations shot higher still from 4.2% to 4.4% (exp 4.0%) and 5-10 year inflation exp rose to 3.2% (hotter than the 3.0% prior and expected)....
Source: Bloomberg
That is the highest medium-term inflation expectation since 2011.
Gas price expectations, both over the short and long run, rose to their highest readings this year.
Inflation has gone up again.
