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ICE U.S. Dollar Inflation Expectations Index

The ICE U.S. Dollar Inflation Expectations Index reflects how much future US inflation is implied by financial-market prices. It uses information from ordinary Treasury securities, inflation-protected Treasuries, and inflation swaps. The result is different from the Consumer Price Index, which measures inflation that has already occurred. It is also different from a survey asking households or economists what they expect. A higher reading means market pricing points to stronger inflation over the stated period. Liquidity, risk premiums, and demand for particular bonds can also affect the estimate.

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