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Inflation expectations surge, hitting new high for New York Fed survey


CNBC/Jeff Cox

Repost from 7-13-2021

“Despite the Federal Reserve’s assurance that current inflation pressures won’t last, consumers see things differently, according to a survey Monday from the central bank’s New York district.”

USAGOLD note: Inflation expectations surged to 4.8% – the highest reading since inception of the measure in 2013. A good many – consumers and economists alike – will see that 12-month expectation as on the low side.

 Survey of Consumer Expectations
(Source: New York Federal Reserve / As of June 2021)

linne chart showing consumer inflation expectations issued by the New York Federal Reserve

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