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FOMC: Participants discussed the risk that the public's longer-term expectations of inflation might increase above the committee’s objective
FOMC: "A NUMBER OF PARTICIPANTS DISCUSSED THE RISK THAT, IN LIGHT OF RECENT ELEVATED LEVELS OF INFLATION, THE PUBLIC’S LONGER-TERM EXPECTATIONS OF INFLATION MIGHT INCREASE TO A LEVEL ABOVE THAT CONSISTENT WITH THE COMMITTEE’S LONGER-RUN INFLATION OBJECTIVE" :
— IOTAF (@iotafmarkets) November 24, 2021
Added at 2:14pm
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"A COUPLE OF PARTICIPANTS POINTED TO INCREASES IN SURVEY- AND MARKET-BASED INDICATORS OF EXPECTED INFLATION —INCLUDING THE NOTABLE RISE IN THE FIVE YEAR TIPS-BASED MEASURE OF INFLATION COMPENSATION—AS POSSIBLE SIGNS THAT INFLATION EXPECTATIONS WERE BECOMING LESS WELL ANCHORED" :
— IOTAF (@iotafmarkets) November 24, 2021