Consumer Optimism Is Rising amid Higher Inflation Expectations
The March 2021 Survey of Consumer Expectations
shows a continuation in the recent upward trend in inflation, home price, and spending growth expectations. In particular, expectations about home, gas, and rent price changes all reached new series highs. Labor market expectations continued to recover with higher expectations about job security and improved unemployment expectations. Finally, households were more positive about their current and expected financial situation and their ability to access credit.
For more details: Press Release:
Consumers’ Inflation, Home Price and Spending Expectations Keep Rising