median consumer inflation perceptions over the previous 12 months and inflation expectations for the next 12 months decreased, while inflation expectations three years ahead remained unchanged; expectations for nominal income growth and nominal spending growth over the next 12 months, decreased slightly; expectations for economic growth over the next 12 months remained unchanged, while the expected unemployment rate in 12 months’ time decreased; expectations for growth in the price of homes over the next 12 months remained unchanged, while expectations for mortgage interest rates 12 months ahead declined marginally. ... (full story)