Consumer inflation expectations hit eight-year high
Repost from 8-11-2021
“U.S. consumers’ expectations for inflation over the medium term rose to an eight-year high in July, according to a Federal Reserve Bank of New York survey.”
USAGOLD note: Consumer inflation expectations are running high (+4.8%) while the yield on the ten-year is very low (1.3%). That does not translate to a very lucrative future real rate of return.
Source: New York Federal Reserve Bank