Americans are still worried about tackling inflation, as prices of goods and services have risen significantly in the short term. The Federal Reserve released its latest Survey of Consumer Expectations report, and the U.S. household believes inflation will rise to 5.3% a year from now. In addition to the dire economic outlook, gas prices in the United States have risen by more than $ 1 a year since.
The New York Fed’s consumer expectations survey continues to look disgusting
After the massive fiscal expansion of 2020, inflation has entered every American wallet to help the economy cope with the coronavirus outbreak and subsequently facilitate lockdown orders.
Month after month, the Federal Reserve released the Central Bank’s Consumer Expectations Survey (SCE) report, and inflation expectations are rising every month. Again, the latest Fed SCE report released on Tuesday indicates that Americans are still expecting a year of higher inflation and lower purchasing power.
Inflation expectations are at an all-time high and are at an all-time high since 2013, with 5.3% expected one year from now. In addition, the New York Fed (the branch that publishes the SCE report), again mentioned the coronavirus.
“The uncertainty of medium-term inflation বা or uncertainty about the outcome of future inflation ছিল remained unchanged on the short-term horizon and declined on the medium-term horizon,” the Fed survey highlighted. “Both measures are still above the level observed before the outbreak of Covid-1 of.” The recently released Fed SCE report gives leverage to a rotating panel of 1,300 households.
The IMF warns central banks, such as the Fed, to tighten monetary easing policy
In addition to the SCE report, the International Monetary Fund (IMF) noted that in the quarterly update of global economic conditions by global organizations, central banks may need to tighten monetary easing policies. The IMF urged countries such as the United States and the United Kingdom where “the risk of inflation has shifted in the opposite direction.”
IMF warns of rising inflation risk
We have moved from being very transient, we have to be very, very careful.
– Gold Telegraph ⚡ (old Gold Telegraph_) October 12, 2021
Gita Gopinath, IMF’s economic adviser and director of research, emphasized that “inflation can generally be monitored through a temporary increase in inflation. The report.” . “
Supply Chain Buckle, the price of gas per gallon is $ 1 more than last year
To make matters worse, the U.S. supply chain (and internationally) is facing significant problems and gas prices have risen significantly across the country since last year. The media in the United States continues to tell the story of a buckling supply chain, and some are blaming the supply chain problem for the conflict between the United States and China.
Only 8 states have an average # The price of gas Still below 3 / gal:
OK $ 2.88
MS $ 2.89
TX $ 2.89
AR $ 2.91
A $ 2.97
KS $ 2.98
AL $ 2.98
– Patrick de Han ⛽️📊 (as Gasbodygu) October 11, 2021
Supply chain shortages and rising gas prices have exacerbated the inflation crisis in the United States, which does not appear to be ‘temporary’. Each week, the headlines show that the “return to the empty shelf” has returned to the United States and the United Kingdom. Grocery stores in almost every state across the United States are starting to see empty shelves again.
U.S. gas prices have also risen $ 1 since last year, and the average price of gas in the U.S. today is 3. 3.25 per gallon. Only Eight states The United States has gas below 3 3.
What do you think about the current inflation that Americans are dealing with in 2021? Let us know what you think about this in the comments section below.
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