Business & Tech
Elgin Area Chamber Of Commerce: The Fed Predicted Rising Prices. It's Getting Them.
See the latest announcement from the Elgin Area Chamber of Commerce.
June 15, 2021
shut down extra unemployment benefits
Find out what's happening in Elginfor free with the latest updates from Patch.
- 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.
