Last week we explored how both television news coverage and Google Trends search interest in inflation were decreasing, suggesting a public that had either accepted steady price increases or agreed with the White House's admonishments that inflation was only temporary. Either way, the data showed that both media and public interest in inflation was moderating.
Sure enough, this past Monday the Federal Reserve Bank of New York published the results of its latest inflation expectation survey, showing that Americans expect inflation to moderate.
Once again, the myriad societal indicators captured in GDELT's realtime firehose offer powerful predictive insights into the coming state of the world.