

#When does the medium release series

Median year-ahead home price growth uncertainty-or the uncertainty expressed regarding year-ahead home price growth outcomes-decreased, but remains substantially higher than its pre-pandemic levels. Median year-ahead home price change expectations increased by 0.1 percentage point to 5.6%, above its 12-months trailing average of 4.8%.Both measures reached series highs in October. Median inflation uncertainty-or the uncertainty expressed regarding future inflation outcomes-increased at both the short- and medium-term horizons.Our measures of disagreement across respondents (the difference between the 75th and 25th percentile of inflation expectations) reached new series’ highs at both the short- and medium-term horizons. The increase in the short-term measure was the series’ twelfth consecutive increase and was most pronounced for respondents who have at least a college degree and those between ages 40 and 60. In contrast, median inflation expectations increased by 0.4 percentage point to 5.7% at the one-year horizon, reaching a new series high since the inception of the survey in June 2013. After increasing for three consecutive months, median inflation expectations at the three-year horizon remained unchanged at 4.2% in October.The main findings from the October 2021 Survey are: Household finance expectations were mixed: year ahead income and spending growth expectations both increased to new series highs, while households’ financial situation, credit availability, and delinquency expectations all deteriorated. Households’ labor market expectations continued to improve with earnings growth and job finding expectations increasing and perceived job loss risks decreasing.

Uncertainty and disagreement about future inflation increased at both the short- and medium-term horizons to new series highs. NEW YORK-The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the October 2021 Survey of Consumer Expectations, which shows that the median inflation expectations remained unchanged at the medium-term horizon and increased at the short-term horizon.
