"...market-based inflation expectations are poor predictors of future inflation. This suggests that these measures contain little forwa...

Fed (San Francisco): Can We Rely on Market-Based Inflation Forecasts?

"...market-based inflation expectations are poor predictors of future inflation. This suggests that these measures contain little forward-looking information about future inflation...

http://www.frbsf.org/economic-research/publications/economic-letter/2015/september/market-based-inflation-forecasting-and-alternative-methods/

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