The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the August 2022 Survey of Consumer Expectations, which shows that inflation expectations continued to decline across all horizons. Expectations about year-ahead price increases for gas also continued to decline, with households now expecting gas prices to be roughly unchanged a year from now. Home price growth expectations fell sharply, and expectations of future credit access deteriorated. Consumers were more optimistic about their future household income and financial situations. CONTINUED
Federal Reserve Bank of New York
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