Peter Coy on the ASSA meetings (How the Coachella of Economics Can Survive Covid) (emphasis added): The annual three-day meeting is the Coachella of economics. It’s a be-in and a teach-in. In place of music, art and other earthly delights, there are PowerPoint presentations featuring innovations in econometrics. Nobel laureates.
Americans' expectations for what inflation will be one year from now remained stuck at a record high for the second month in a row in December, according to a survey from the New York Federal Reserve, which also showed households anticipating a historic boost in earnings.