- June 15, 2021
- Posted by: Stratford Team
- Category: Business
Charles Schwab global chief investment strategist Jeffery Kleintop gives different take on the inflation scare on ‘Kudlow’
Inflation expectations for the next year climbed for a seventh straight month in May to a record high, according to a new survey from the Federal Reserve Bank of New York.
Median one-year ahead inflation expectations last month rose 0.6 percentage points to 4%, the highest since the New York Fed’s Survey of Consumer Expectations began. Inflation expectations for the next three years climbed from 3.1% to 3.6%, trailing only the August 2013 print.
Respondents over 60 years of age and those earning a high school degree or less were most concerned about future inflation.
The internet-based survey consists of a rotating panel of approximately 1,300 household heads who participate for up to a year with a roughly equal number rotating in and out each month.
OIL PRICES REACH HIGHEST LEVEL IN OVER 2 YEARS AS DEMAND REBOUNDS
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