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Consumer expectations for one-year inflation growth ticked higher to 3% last month from 2.6%, suggesting price growth could arrive sooner than the central bank anticipates. "Consumers grew comparatively more optimistic about labor market outcomes with earnings growth, job finding, and job loss expectations all slightly improving, but remaining far off pre-COVID19 levels," the central bank said in its report.
Such inflation projections could throw a wrench in the Fed's plans for policy easing. The central bank prioritized economic relief over its 2% inflation goal in recent months and forecasted weak inflation for the foreseeable future. An unexpected jump in inflation would likely stifle spending and slow the nation's recovery.
Sure they did. A lie that nobody can prove or disprove without actually asking millions of people. But I'm sure there statistical model are accurate. Accurate to produce the narrative they want that is.
Tell me about it 😅
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