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Fed’s Latest Survey: US Consumers Expect Inflation to Continue Rising Sharply
Summary: The Federal Reserve Bank of New York published the Survey of Consumer Expectations report on Monday, which shows U.S. consumers are expecting short-term inflation levels to be higher than usual. Meanwhile, the report also shows American consumers’ expectations of long-term inflation have reached the highest level since 2013. The findings suggest worry over the loss ...
The Federal Reserve Bank of New York published the Survey of Consumer Expectations report on Monday, which shows U.S. consumers are expecting short-term inflation levels to be higher than usual. Meanwhile, the report also shows American consumers’ expectations of long-term inflation have reached the highest level since 2013. The findings suggest worry over the loss of purchasing power is growing.
By Amy Liu
Tags: Consumers,Fed,inflation
Link: Fed’s Latest Survey: US Consumers Expect Inflation to Continue Rising Sharply [Copy]
