consumer survey of consumer expectations
The data suggest that consumers anticipate more pain from current wave of high inflation before it eases. They expect home prices to rise 6% over the coming year — up from 5.7% in February. Expectations for year-ahead rent growth edged up to 10.2%, while food prices are now expected to increase by 9.6%.
The Federal Reserve last month started what is expected to be a series of interest rate hikes to tame inflation.
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