Americans’ Inflation Expectations Have Never Been Lower

While headline confidence among Americans – based on various surveys – remains at or near multi-year highs (along with asset prices), there is one hole in The Fed’s CONfidence game.

Expectatiosn for inflation over the next 5 to 10 years tumbled to just 2.2% – the lowest in its 40-year history…

Source: Bloomberg

Get back to work Mr.Powell!