Elgin Area Chamber Of Commerce: The Fed Predicted Rising Prices. It's Getting Them.

Elgin IL

16 June, 2021

3:30 AM

Description

Press release from the Elgin Area Chamber of Commerce: June 15, 2021 shut down extra unemployment benefits May data from the University of Michigan showed that consumers expect the five-year inflation rate to be 3%, above the most recent 10-year average of 2.6%. May data from the Federal Reserve showed that the bond market expected the five-year inflation to be 1.77%, below the 10-year average of 1.86%. April data from the New York Fed showed that the median three-year-ahead inflation expectation sits at 3.1%, only slightly above the average since 2013 of 2.9%. considerable exigent labor slack This press release was produced by the Elgin Area Chamber of Commerce. The views expressed here are the author's own.