By
Will we or won’t we get interest rate cuts this year? The question’s become puzzling amid strong economic data, like Friday’s stellar jobs report, and conflicting messages from Federal Reserve bank presidents who have floated everything from three to zero reductions in 2024.
Those mixed messages can weigh on consumers. In Monday’s Survey of Consumer Expectations released by the Federal Reserve Bank of New York, households expect annual inflation to be 3% in a year. While that’s not up from the previous month’s figure, it’s also not down. In the journey toward 2% inflation, it’s important to look at how consumers interpret that kind of messaging and what their expectations are.
Maybe you aren’t hanging on every word out of the Fed, but Randy Kroszner, a former governor of the Federal Reserve Board, says messaging has meaning. If the Fed can’t figure out where things are going, “I think it’s very challenging for individual households to figure out where things are going,” Kroszner said.
And where we’re going as …
See the entire article on inflation, or, read more Arizona real estate investing news. It’s your call!
