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New York Fed's latest survey: longer-term inflation expectations of US consumers are still firmly under control
Economists at the Federal Reserve Bank of New York pointed out that despite high price pressures during the epidemic, longer-term inflation expectations of US consumers remained "firmly anchored". "our results show that consumer five-year inflation expectations in August 2021 are as firmly anchored as they were before the outbreak began two years ago," said economists at the New York Fed, led by Oliver Armantier, in a blog post on the bank's website on Friday. The author quotes the latest data from a survey of American households by the Federal Reserve Bank of New York. The bank's monthly consumer expectations survey covers one-year and three-year inflation expectations