Consumer inflation expectations hit eight-year high

Bloomberg/Alexandre Tanzi

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.

overlay line chart showing consumer inflation expectations at 4.8%

Source: New York Federal Reserve Bank

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