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On Monday, the CEA published a blogpost on how the administration’s infrastructure and Build Back Better plans won’t be inflationary.
I think it’s of interest to see how the market (which will undoubtedly turn out to be wrong) thinks inflation and output will evolve.
For medium-term inflation expectations, I look to the five-year inflation breakeven, and the expected inflation over the next five years as inferred using the breakeven and additional survey and market information.