Michigan study finds long-run inflation expectations above 2019 and 2024 ranges, complicating Bitcoin financing conditions

A University of Michigan study published Oct. 23 shows U.S. long-run inflation expectations remain above comparable 2019 and 2024 ranges, with year-ahead expectations at 4.7% and longer-term at 3.5%. The persistence of these expectations could complicate easier financing conditions for Bitcoin, even as headline consumer sentiment barely moves. Survey director Joanne Hsu warns that consumers expecting further price increases may bring purchases forward, reinforcing inflation and narrowing room for U.S. monetary policy easing.