median consumer inflation expectations for the next 12 months and for three years ahead declined noticeably; expectations for nominal income growth over the next 12 months increased slightly, while expectations for nominal spending growth decreased further; expectations for economic growth over the next 12 months became slightly less negative, while the expected unemployment rate in 12 months’ time decreased; expectations for growth in the price of homes over the next 12 months increased slightly, while expectations for mortgage interest rates 12 months ahead decreased slightly. Inflation The median rate of perceived ... (full story)