Impact of govt shutdown on CPI; Inflation expectations; Household debt: Cleveland Fed researchers
The government shutdown will impact the accuracy of the monthly CPI estimates for at least seven months. However, year-over-year inflation estimates will continue to be quite reliable.
Market-based measures of inflation expectations suggest that investors expect lower inflation in the medium and long term, while short-term expectations measures are mixed.
Household debt has been shrinking since 2009, and the latest data show the trend continues. However, two components of consumer debt rose in the second quarter of this year: auto loans and student loans.
Questions? Contact June Gates, 216/579-2048, firstname.lastname@example.org