01725cas a2200241 a 4500 AALejournalIMF021304 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513561158 1018-5941 BD-DhAAL BD-DhAAL Williams, Peter. Inflation Expectations in the U.S. : Linking Markets, Households, and Businesses / Peter Williams. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (25 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Inflation has been below the Federal Reserve's target for much of the past 20 years, creating worries that inflation may be deanchoring from the FOMC's target. This paper uses a factor model that incorporates information from professional forecasters, household and business surveys, and the market for Treasury inflation protected securities (TIPS) to estimate long-run inflation expectations. These have fallen notably in the past few years (to roughly 1.9 percent for CPI inflation, well below the FOMC's target). It appears that, even before the covid recession, the private sector viewed the economy as likely to suffer from persistent headwinds to inflation. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2020/240 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/240/001.2020.issue-240-en.xml IMF e-Library