Those of us who spend time at central banks are often reminded by our hosts – or perhaps they are seeking to reassure us – that inflation expectations are “well anchored.” Looking over longer horizons, at least, it would appear they are: A history of the Michigan survey of inflation expectations (s…
Morningstar director of economic analysis Bob Johnson addresses recent sluggishness in the economy and makes the case for better growth in the second half of the year.
Market-driven rate declines and lower inflation should be an automatic stimulus to the economy, reducing the need for further Fed intervention, says Morningstar's Bob Johnson.