The News Radar

Timely links to external news and articles, usually valuation related, with occasional commentary.

Originally posted Monday, 12 September 2022
NY Fed Says Consumers Saw in August Steep Declines in Future Inflation

The bank said in its August Survey of Consumer Expectations that one year from now, households see inflation at 5.7%, down from the 6.2% they predicted in the July survey.

How much of a predictive indicator is consumer sentiment on inflation? I'd like to know if this same survey saw the current levels of inflation coming.... That said, inflation expectations are self-fulfilling once they begin to ramp up, so very good news to see this tempered a bit.