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Inflation Expectations: Main Street vs. Wall Street

Posted on June 26, 2008

The Fed wants you to know that inflation isn't a problem. Which might be why investors were a little confused after yesterday's rate decision which had the Fed keeping rates unchanged. Immediately after the non-move was announced, Treasury yields rose as traders bet on the notion that the Fed statement revealed a hawkish bias within the FOMC -- inline with much of the Fedspeak in the last month. But rates dove lower within minutes as the finer details of what the FOMC had to say were digested. Of particular importance was this sentence in the third paragraph: The Committee expects inflation ...

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fed , fomc , inflation , the fed