Three-year ahead inflation expectations rose to 3.9% from 3.7%year-ahead household spending growth expectations 8.0% from 7.7% (record high)Median home price inflation expectations unchanged at 6.0%The shorter-term dip is balanced out by the longer-term rise. If anything, the Fed might put more weight on the three-year rise because they’re worried about credibility.
NY Fed one-year inflation expectations 6.3% vs 6.6% in March
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