Inflation expectations and inflation realities: a comparison of the Treasury Breakeven Inflation curve and the Consumer Price Index before, during, and after the Great Recession.

The article examines the extent to which market-based inflation expectations overshot or undershot actual inflation before, during, and after the Great Recession of 2007–2009. Topics discussed include information on comparison of the U.S. Treasury Breakeven Inflation (TBI) curve with the U.S. city-a...

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Bibliographic Details
Published in:	Monthly Labor Review pp. 1 - 21
Main Author:	Church, Jonathan D.
Format:	Article
Published:	US Department of Labor Dec2019
Subjects:	Great Britain. Treasury Economic forecasting Consumer price indexes Yield curve (Finance) Fixed-income securities
Online Access:	View this record in EBSCOhost

Description
Summary:	The article examines the extent to which market-based inflation expectations overshot or undershot actual inflation before, during, and after the Great Recession of 2007–2009. Topics discussed include information on comparison of the U.S. Treasury Breakeven Inflation (TBI) curve with the U.S. city-average, all-items Consumer Price Index for All Urban Consumers (CPI-U); market-based measure of inflation expectations; and market-based measure of inflation expectations CPI-U.