A New York Federal Reserve survey released Monday shows consumers are bracing for inflation to remain above the central bank's 2% target in the long term.
Former Kansas City Federal Reserve Bank President and CEO Thomas Hoenig joined ‘Mornings with Maria’ to discuss the Federal Reserve’s forthcoming rate hike decision.
Americans expect the cost of homes and gasoline to climb over the next year, but they projected declines in the price of college tuition and food. / Getty Images) Federal Reserve Chairman Jerome Powell arrives to speak during a news conference following a Federal Open Market Committee meeting in Washington, D.C., on Sept 21, 2022.
More concerning is that economists expect core inflation – which excludes the more volatile measurements of food and energy – to increase 0.4% for the month and 5.6% from the previous year.
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