Center for Microeconomic Data

Three-Year Inflation Expectations Remain Stable; Labor Market Outlook Improves Further
The October Survey of Consumer Expectations reports that median inflation expectations remained unchanged at the medium-term horizon at 4.2 percent and increased at the short-term horizon by 0.4 percentage point to 5.7 percent. Measures of uncertainty and disagreement about future inflation increased at both horizons to new series highs. Households’ labor market expectations continued to improve with earnings growth and job finding expectations increasing and perceived job loss risks decreasing.

For more details:
Press Release: Consumers’ Medium-term Inflation Expectations Stable; Labor Market Expectations Improve Further
Fielding the Survey
The SCE is a nationally representative, Internet-based survey of a rotating panel of approximately 1,300 household heads. Respondents participate in the panel for up to twelve months, with a roughly equal number rotating in and out of the panel each month. Unlike comparable surveys based on repeated cross-sections with a different set of respondents in each wave, our panel enables us to observe the changes in expectations and behavior of the same individuals over time.
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