Goldman Crushes Trump Tariff 'Inflation Fearmongering', Exposes UMich Expectations Bias

Nearly all survey- and market-based measures of US inflation expectations for the coming year have risen. 

But the University of Michigan measure is an outlier both because its short-term measure has risen more substantially, all the way to 4.9%, and because its long-term measure has also risen to the highest rate since 1993.