The Federal Reserve Bank of New York’s Center for Microeconomic Data released the August 2019 Survey of Consumer Expectations, which shows a decline in short- and medium-term inflation expectations. Expectations for one year ahead inflation, home prices changes, and changes in the price of medical care and rent all reached new series lows. Expectations about employment, growth in earnings, spending, income, and household financial situation were generally less optimistic. The main findings from the August 2019 Survey are: Inflation Median inflation expectations declined by 0.2 percentage point at the one-year horizon ... (full story)