Posted on 02/15/2022 6:52:08 AM PST by SaxxonWoods
Americans' inflation fears declined for the first time in over a year in January, although concerns over rising prices remained near a record-high level, according to a key Federal Reserve Bank of New York survey published Monday.
The median expectation is that the inflation rate will be up 5.8% one year from now, down from an 11-year high of 6%, according to the New York Federal Reserve's Survey of Consumer Expectations. It marked the first time since October 2020 that consumers' short-term inflation expectations fell. Inflation expectations over the next three years also dropped to 3.5%, down from 4% last month.
(Excerpt) Read more at foxbusiness.com ...
Is the Federal Reserve Bank to be trusted? Or is Fox spewing Biden admin propaganda sold via the Federal Reserve Bank of New York????
https://abcnews.go.com/Business/wireStory/us-producer-prices-surge-97-year-ago-82899606
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People are stupid.
Accepting inflation is not the same as denying it.
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