- July 13, 2021
- Posted by: Stratford Team
- Category: Business
Former Dallas Fed Danielle DiMartino Booth and The Americas at Natixis Chief Economist Joseph Lavorgna discuss the newly released Fed minutes and inflation fears.
Americans’ inflation fears reached a fever pitch in June, rising to the highest level since June 2013 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 4.8% one year from now, a new high for the gauge, and up 3.6% three years from now, the highest level since August 2013, according to the New York Federal Reserve’s Survey of Consumer Expectations.
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Americans also expect the prices of homes to keep rising, with one-year expectations unchanged at 6.2% in June – substantially higher than the previous one-year average of 3.7%. Still, consumers said they expect the price of things like…