Expectations Convergence

Ironsides Macroeconomics 'It's Never Different This Time'

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Expectations Convergence

Convergence of Policy Path Expectations, Bills Only Policy, Narrower Disinflation, The Phillips Curve Comeback

Barry C. Knapp

Feb 20, 2024

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This audio summarizes our note dated February 17, Expectations Convergence

*Figure 3: As this chart of the 6-month annualized rates of non-housing and housing services inflation shows, the uptick in services inflation was not a one-month aberration.*

Barry C. Knapp

Managing Partner

Director of Research

Ironsides Macroeconomics LLC

908-821-7584

bcknapp@ironsidesm…

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