According to New York Fed’s survey of consumer expectations, median one-year-ahead inflation expectations rose from 6.6% to 6.8% in June, hitting a new series high. However, three-year ahead inflation expectations dropped from 3.9% to 3.6%. Median expected one-year-ahead change in home prices dropped sharply from 5.8% to 4.4%. Median year-ahead household spending growth expectations retreated […]
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