Inflation expectations surge, hitting new high for New York Fed survey | Seattle Real Estate Podcast

Despite the Federal Reserve’s assurance that current inflation pressures won’t last, consumers see things differently, according to a survey Monday from the central bank’s New York district.

The June Survey of Consumer Expectations showed that median inflation expectations over the next 12 months jumped to 4.8%, a 0.8 percentage point rise from May and the highest reading in history for a series that goes back to 2013.

While the outlook for the next three years remained unchanged at 3.6%, that is still well above the 2% level that the Fed considers healthy for a growing economy.

Central bank officials have been insistent that the recent inflation spike won’t last. They projected at their June meeting that their preferred gauge would show a 3% gain in 2021 but then recede to 2.1% in subsequent years and settle around the target range thereafter.

Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.

🔔Join this channel to get access to perks 👇
https://www.youtube.com/channel/UCHm8vWol8eNjTJZSjq2jaLQ/join

-------------------------------------------------------------------------------------------------------
🔥🔥 𝑺𝒆𝒂𝒕𝒕𝒍𝒆 𝑹𝒆𝒂𝒍 𝑬𝒔𝒕𝒂𝒕𝒆 𝑷𝒐𝒅𝒄𝒂𝒔𝒕 🔥🔥

►💎iTUNES
https://apple.co/2MkFziJ

►💎SPOTIFY
https://spoti.fi/2Dh8EoL

►💎STICHER
https://bit.ly/2FDK0QC

►🏡JOIN SUMMIT PROPERTIES NW
Website: https://summitpropertiesnw.com/career/
High 80/20 Split, Zero Fees, and a Low $10,000 Cap!
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

✔ SUBSCRIBE 📣HIT BELL! ✔LIKE ✔COMMENT

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
★ REACH OUT TO ME ★

►✅Follow Us - Facebook: https://facebook.com/summitpropertiesnw/

►✅Follow Us - Instagram: https://instagram.com/summitpropertiesnw/

►✅Follow Us - LinkedIn: https://linkedin.com/company/summit-properties-nw-llc/

►✅Email Us - sean@seattlerealestatepodcast.com

#SeattleRealEstate #HousingMarket #Podcast