Americans Felt Better About Inflation Last Month, Fed Says
Good news: Near-term consumer inflation expectations moderated significantly in November, according to the latest installment of The New York Fed's monthly survey.
This isn't top-tier data by any stretch, but it's incremental in the current environment. The one-year ahead gauge receded to just 5.23%, the lowest since August of 2021 (figure below).
The three-year ahead measure meandered around 3%, while a new five-year series suggested consumers expect price growth to moderate near the Fed's ta
Interesting “Fed whispering” today at WSJ.
What whispers? Please clarify?
Walt, any idea who actually gets surveyed? Thanks.
Peter