The Cleveland Federal Reserve Bank updated its inflation expectations estimates on Friday, and I'd say it looks like mission accomplished for the Federal Open Market Committee. Relative to last month, short-term expectations are meaningfully higher, indicating a coordination of expectations along a higher demand equilibrium. But long-term expectations remain "anchored" exactly where they were.
TODAY IN SLATE
Here’s Where We Stand With Ebola
Even experienced international disaster responders are shocked at how bad it’s gotten.
It’s Legal for Obama to Bomb Syria Because He Says It Is
I Stand With Emma Watson on Women’s Rights
Even though I know I’m going to get flak for it.
It Is Very Stupid to Compare Hope Solo to Ray Rice
In Defense of HR
Startups and small businesses shouldn’t skip over a human resources department.