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Inflation Expectations Increases - Bigly
[FoxBusiness] Americans' inflation fears hit another record in August as the price of consumer goods continued to surge, according to a Federal Reserve Bank of New York survey published Monday.The median expectation is that the inflation rate will be up 5.2% one year from now, the 10th monthly consecutive increase and another new high for the gauge, and up 4% three years from now, the highest level since August 2013, according to the New York Federal Reserve's Survey of Consumer Expectations. In a few months we might be calling for Sec of Treasury Yellin's resignation. Actually we should be doing so already. Also Rouse and Bernstein at the Counsel of Economic Advisors and Young at OMB and Powell at the Federal Reserve Board Posted by: Lord Garth 2021-09-14 |
| http://www.rantburg.com/poparticle.php?ID=612587 |