Medium-term inflation expectations appear to have reached a plateau

  “While short-term inflation expectations have continued to trend upward, medium-term inflation expectations appear to have reached a plateau over the past few months, and longer-term inflation expectations have remained remarkably stable,” the researchers wrote in a blog post that was co-authored by New York Fed President John Williams.


https://www.bloomberg.com/news/articles/2022-05-26/us-consumers-expect-inflation-shock-to-pass-ny-fed-survey-finds


Professor Irving Fisher, October 1929:

"stock prices have reached what looks like a permanently high plateau."

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