The March survey shows a decline in both short-term and medium-term inflation expectations. Labor market expectations generally improved, with a rise in earnings growth expectations and a decline in the mean expected probability of losing one’s job. Notably, the mean perceived probability of finding a job increased to its highest level since the series’ start in June 2013. Expectations about increases in interest rates on savings accounts and in U.S. stock prices rose sharply, reaching new series’ highs.
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Press Release: Consumers’ Inflation Expectations Dip, while Labor Market Expectations Strengthen