The Central Bank Credibility ‘Death Cross’ (ZeroHedge)


Charting Eisteinian madness… «doing the same thing over and over again and expecting different results.»

As Bloomberg reports, a Federal Reserve measure of expectations for U.S. inflation for the next decade touched the lowest ever, even as policy makers attempt to stoke growth in the world’s largest economy. The index, which tracks five-year inflation expectations starting five years in the future, fell to 1.31 percent on June 27, the lowest since at least 1999, data compiled by Bloomberg show.

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