Autobots Roll Out!
In April consumers raised their expectations for price increases fueled by higher inflation in home prices fuel and energy according to a New York Federal Reserve survey.
Optimistic Optimus
Consumers expressed little confidence the Fed will reach its 2% inflation goal anytime soon with expectations across one year and five year horizons increasing.
The Battle Against Inflation
Inflation pressures are expected to come from a wide variety of sources with respondents particularly concerned about expected increases in housing prices.
Facing Challenges
Expected higher home costs and rising rents are troublesome for policymakers with those with lower income levels being particularly impacted.
Optimus Stands Firm
Fed officials hold the line on rates waiting for more compelling evidence of inflation returning to the 2% target before taking action.
The Future Outlook
Consumers expect increases in medical care food prices gasoline and college education while employment expectations vary amidst changing economic conditions.
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