Ahead of Wednesday's CPI release, which is expected to show more signs of inflation stalling above the desired 2-percent target, a monthly report from the Federal Reserve Bank of New York showed that Americans are increasingly pessimistic about the mid-term inflation trend. According to the latest Survey of Consumer Expectations, Americans’ inflation expectations for three years from now climbed from 2.6 percent to 3.0 percent in December 2024, the highest level since November 2023. Meanwhile, the median expected inflation rate one year ahead remained unchanged at 3.0 percent, where it has been for 9 of the past 12 months.[...]
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70 sats \ 4 replies \ @0xbitcoiner OP 15 Jan
Interesting that @siggy47's post (3% Inflation Target Looks Like A Done Deal) from april appeared in the related posts. Nice catch, bullseye!
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49 sats \ 3 replies \ @Undisciplined 15 Jan
That one came to mind and I recall talking to @Cje95 about this, too. I don't think there's any real push to get back down to the target. If anything, they want to figure out how to justify raising the target to 3%.
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42 sats \ 1 reply \ @Cje95 15 Jan
Lol I have no idea what I heard the first time around cause now that I am watching they are calling for a range that goes to 3%
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0 sats \ 0 replies \ @Undisciplined 15 Jan
That's what Canada does, I believe. You can still pretend it's a 2% target, but you're letting it move between 1-3%.
Will it ever be down to 1%? Who cares?
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34 sats \ 0 replies \ @Cje95 15 Jan
It will be interesting to see now with elections over if they are more willing to discuss it openly. From what I overheard on CNBC this morning the numbers came in decent and have alleviated some fears for now. Elections were the big reason for the secretes so now that that is over it will be interesting to watch.
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0 sats \ 0 replies \ @LowK3y19 15 Jan
Things will probably get worse before they get better
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