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Federal Reserve Bank of New York's Survey of Consumer Expectations
Hat tip, a recent issue of Barron's
PRESS RELEASE
Consumers’ Short-term Inflation, Income, and Spending Expectations Continue to Rise
July 12, 2021
NEW YORK—The Federal Reserve Bank of New York's Center for Microeconomic Data released the June 2021 Survey of Consumer Expectations, which shows an increase in the median inflation expectations at the short-term horizon, while inflation expectations at the medium-term horizon remained unchanged. Households' labor market expectations continued to improve with unemployment expectations and the perceived likelihood of job loss both reaching new series' lows. Household's year ahead income and spending growth expectations continued their recent upward trend. Home price growth expectations remain elevated.
The main findings from the June 2021 Survey are:
{snip}
Consumers’ Short-term Inflation, Income, and Spending Expectations Continue to Rise
July 12, 2021
NEW YORK—The Federal Reserve Bank of New York's Center for Microeconomic Data released the June 2021 Survey of Consumer Expectations, which shows an increase in the median inflation expectations at the short-term horizon, while inflation expectations at the medium-term horizon remained unchanged. Households' labor market expectations continued to improve with unemployment expectations and the perceived likelihood of job loss both reaching new series' lows. Household's year ahead income and spending growth expectations continued their recent upward trend. Home price growth expectations remain elevated.
The main findings from the June 2021 Survey are:
{snip}