The Federal Reserve Bank of New York's Center for Microeconomic Data released the July 2021 Survey of Consumer Expectations, which shows that households' expectations about year-ahead earnings growth and the likelihood of finding a job increased sharply in July. Short-term inflation expectations were unchanged while medium-term inflation expectation ticked up. While remaining elevated, home price growth expectations declined. The main findings from the July 2021 Survey are: Inflation Median one-year-ahead inflation expectations were unchanged at 4.8% in July while median inflation expectations at the three-year ... (full story)