Consumer inflation expectations: Daily dynamics

Carola Binder, Jeffrey Campbell and Jane Ryngaert

Journal of Monetary Economics, 2024, vol. 145, issue S

Abstract: We use high frequency identification methods to study the response of consumer inflation expectations to many different types of events using data from the Federal Reserve Bank of New York’s Survey of Consumer Expectations. We identify the response of expectations to a large set of shocks, including FOMC meetings and macroeconomic data releases. We find that macroeconomic news and FOMC meetings with a press conference or rate cuts jointly move expectations.

Keywords: Event study; Macroeconomic data releases; Federal reserve announcements (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (4)

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Related works:
Working Paper: Consumer Inflation Expectations: Daily Dynamics (2024)
Working Paper: Consumer Inflation Expectations: Daily Dynamics (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:moneco:v:145:y:2024:i:s:s0304393224000667

DOI: 10.1016/j.jmoneco.2024.103613

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