Confused about the outlook for US inflation? Wednesday's conflicting news on this front isn't helping.
The New York Fed's monthly survey of consumers in October finds that "short-term inflation expectations have declined to their lowest level since the start of the series in June 2013." The view from Main Street slipped 0.2 percentage points to an annual 2.3% pace. "The decline in one-year ahead inflation expectations was more pronounced for respondents above age 40 and those with household incomes above $50,000."
In the Treasury market, however, the crowd is revising inflation expectation up sharply. The