Article

2021-09-14 Economy

Inflation Expectations Increases - Bigly

[FoxBusiness] Americans' inflation fears hit another record in August as the price of consumer goods continued to surge, according to a Federal Reserve Bank of New York survey published Monday.

The median expectation is that the inflation rate will be up 5.2% one year from now, the 10th monthly consecutive increase and another new high for the gauge, and up 4% three years from now, the highest level since August 2013, according to the New York Federal Reserve's Survey of Consumer Expectations.
In a few months we might be calling for Sec of Treasury Yellin's resignation. Actually we should be doing so already. Also Rouse and Bernstein at the Counsel of Economic Advisors and Young at OMB and Powell at the Federal Reserve Board

Posted by Lord Garth 2021-09-14 00:00|| || Front Page|| [11126 views ] Top

#1 You know the Fed was established to end the cycle of crashes in the 19th century. Since then they've sat over a couple depressions (per the 1930's metrics) and several crashes (to include the one about to come). Put it on the block of agencies and departments to cut when we get around to the 2d republic.

Posted by Procopius2k 2021-09-14 07:49|| 2021-09-14 07:49|| Front Page Top

#2 Well, Biden's gotta tax poor people somehow.

Posted by Abu Uluque 2021-09-14 12:48|| 2021-09-14 12:48|| Front Page Top

#3 Around here the biggest price increases are for housing, as people flee the Dallas Metroplex. Also cars (& trucks), new or used. Other stuff is up, of course, but not shockingly.

Posted by Glenmore 2021-09-14 14:19|| 2021-09-14 14:19|| Front Page Top

#4 The median expectation is that the inflation rate will be up 5.2% one year from now, the 10th monthly consecutive increase and another new high for the gauge, and up 4% three years from now

The author or government is smoking some powerful shit. The Feds are spend $2 for every $1 it takes in as taxes. The Federal budget deficit is running at 15% of GDP and expect inflation to be only 5%?

Posted by Greager Angeash7687 2021-09-14 14:29|| 2021-09-14 14:29|| Front Page Top

#5 As the various "non-partisan" government bodies become politicized...
Heh™ I'm not buying their "lo-ball projection" either

Posted by magpie 2021-09-14 18:36|| 2021-09-14 18:36|| Front Page Top

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