The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the September 2021 Survey of Consumer Expectations, which shows that short- and medium-term inflation expectations rose to their highest levels since the inception of the survey in 2013. In contrast, year-ahead home price and commodity price expectations all subsided in September. Labor market expectations improved slightly, while household finance expectations (e.g., income or spending growth) remained mostly unchanged. The main findings from the September 2021 Survey are: Inflation Median short-term (one-year-ahead) inflation ... (full story)