Inflation Expectations Are Largely Stable; Households Less Optimistic about Their Financial Situations
Median inflation expectations declined slightly to 2.8 percent at the medium-term horizon and rose marginally to 3.6 percent and 3.0 percent at the short- and longer-term horizons, respectively, according to the August Survey of Consumer Expectations
. Income growth perceptions declined to 2.9 percent, the lowest reading since July 2021. Perceptions about current credit conditions and expectations about future conditions both deteriorated. Households’ perceptions about their current financial situations and expectations for the future also deteriorated.
For more details: Press Release:
Households Less Optimistic about Their Financial Situations