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Consumers’ Medium-Term Inflation Expectations Stable; Labor Market Expectations Improve Further
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the October 2021 Survey of Consumer Expectations, which shows that the median inflation expectations remained unchanged at the medium-term horizon and increased at the short-term horizon. Uncertainty and disagreement about future inflation increased at both the short- and medium-term horizons to new series highs. Households’ labor market expectations continued to improve with earnings growth and job finding expectations increasing and perceived job loss risks decreasing. Household finance expectations were mixed: year ahead income ... (full story)
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*New York Fed Survey: Near-Term Inflation Expectation Level Hit Record in October
— *Walter Bloomberg (@DeItaone) November 8, 2021
*New York Fed: Inflation One Year From Now Seen at 5.7%, Highest Since Survey Began in 2013
*New York Fed: Inflation Three Years From Now Seen at 4.2%