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Uncertainty about Future Inflation Increases Slightly

Summary:
December 2020 Survey of Consumer Expectations → nyfed.org/sce The December 2020 Survey of Consumer Expectations shows the median home price change expectation increasing sharply to 3.6 percent in December from 3.0 percent in November. The measure has been on an upward trend since reaching a series low of 0 percent in April and is now at its highest level since July 2018. The median inflation expectation rose at the three-year horizon, while remaining unchanged at the one-year horizon. Uncertainty about future inflation increased slightly, remaining elevated in comparison with the pre-COVID-19 period.

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December 2020 Survey of Consumer Expectations → nyfed.org/sce The December 2020 Survey of Consumer Expectations shows the median home price change expectation increasing sharply to 3.6 percent in December from 3.0 percent in November. The measure has been on an upward trend since reaching a series low of 0 percent in April and is now at its highest level since July 2018. The median inflation expectation rose at the three-year horizon, while remaining unchanged at the one-year horizon. Uncertainty about future inflation increased slightly, remaining elevated in comparison with the pre-COVID-19 period. Uncertainty about Future Inflation Increases Slightly
New York Fed
The Federal Reserve Bank of New York was incorporated in May 1914 and opened for business in November later that year. To commemorate the New York Fed’s centennial, take a look at the people and events that helped shape our history.

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