Interest Rates · Real yields and inflation expectations

5-Year, 5-Year Forward Inflation Expectation

YearAverageYear close
20032.21%2.51%
20042.50%2.48%
20052.40%2.36%
20062.50%2.34%
20072.41%2.35%
20082.29%0.48%
20092.07%2.61%
20102.46%2.77%
20112.54%2.33%
20122.60%2.81%
20132.62%2.79%
20142.47%2.09%

Source: FRED T5YIFR (5-Year, 5-Year Forward Inflation Expectation Rate). Federal Reserve Bank of St. Louis.

Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).

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