Going the Wrong Way: Fed Rate Increase Deflating?

The video discusses the current economic changes and their impact on central bank plans, focusing on inflation concerns. It highlights factors like the rising dollar, commodity price collapse, and agricultural output affecting inflation. The risks of deflation and its psychological impact on spending are explored, along with changing economic expectations. The central bank's potential response, including delaying rate changes due to disinflationary trends and global demand shifts, is also covered.

What is the significance of the Fed's measure of expectations being at its lowest since December 2011?

What does the text suggest about the potential future of inflation and interest rates?