Analysis: The inflation expectations of the University of Michigan are once again displeasing, with unusually large increases for three consecutive months

On March 14, "Fed mouthpiece" Nick Timiraos posted on social media that the University of Michigan's inflation expectations were once again displeasing, with one-year inflation expectations jumping from 4.3% to 4.9%. This marks three consecutive months of unusually large increases, each time reaching an increase of 0.5 percentage points or more.

The rise this month is reflected across all three political factions. Long-term inflation expectations in March surged from 3.5% to 3.9%. (Note: The survey has recently been fully transitioned online, which may increase volatility)

This is the largest monthly increase since 1993, stemming from a significant rise among independents and following closely behind the already substantial increase in February.