The Moral Economy of Price Setting

The Fed's survey of consumer expectations shows that inflation expectations are chilling out. People are wording a little bit less about inflation, which is really good for the whole rational and attention idea that Jerome Palace talked about before. The main thing here is that Taylor Swift is an economic unit,. There's a world where the rate hikes would have obliterated it, but it's been mostly okay. It's about keeping up with the Joneses when we get into feeling wealthy.