Americans expect inflation to ease, Fed survey shows | CNN Business

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Americans are expecting inflation to improve in the coming months, according to new survey data from the Federal Reserve Bank of New York.

In November, consumers’ median inflation expectations for the next year and three years out were 5.2% and 3%, respectively. That’s down from October’s median expectations of 5.9% and 3.1%. It’s the largest month-to-month drop in year-ahead inflation expectations since the Survey of Consumer Expectations launched in 2013, according to the New York Fed. Expectations for inflation five years from now fell by 0.1 percentage points to 2.3%, according to the Fed survey.

The survey also showed improvement in respondents’ sentiments about the labor market. Mean expectations for higher unemployment declined by 0.7 percentage points to 42.2%, and the mean perceived probability of finding a job increased while the probability of voluntarily leaving a job decreased. Consumers’ expectations for household income growth increased to a series high, the New York Fed noted. Home price growth expectations, however, continued to decline.

 

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It’s good to dream 🤷🏼‍♀️

More lies from the pedophile network

Lol. Ok. Keep “expecting”.

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cnn seems anti American don't they?

How the Fk would they know? 🇺🇸

Republicans are going to hate this even though it benefits all Americans.

New york in a liberal shitshow

Biden RECESSION

Oh look a survey conducted in New York 🙄

Hahaha 😝 fakenews

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The Federal reserve Bank is destroying America. They must be audited and held accountable. If we had real investigative reporters at CNN they would tell the truth instead of helping the Federal reserve Bank destroy our country. And you at CNN wonder why you're called fake news!

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 /  🏆 4. in TH

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