Consumers think the year is going to end a lot better than it started with regards to inflation, according to the latest Federal Reserve study…
Inflation expectations over the next year fell to a median 6.3%, a 0.3 percentage-point decrease from the record high in March, according to data going back to June 2013.
CNBC
Consumers also believe spending will rise by 8.0% (likely to combat inflation) and that gas prices will ease as expectations fell 4.4 percentage points to 5.2%.