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)
