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Economics


US INFLATION, HOME PRICE EXPECTATIONS PICK UP IN NY FED SURVEY

 * Near-term inflation outlook in April rose to five-month high
 * Anticipated home price growth reaches highest since July 2022

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By Alexandre Tanzi
May 13, 2024 at 5:00 AM HST
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US consumer expectations for inflation and home prices rose in April while
perceptions of the labor market weakened, underscoring an uneasy backdrop for
household finances and the cost of living.

Consumers expect prices will climb at an annual rate of 3.3% over the next year
after hovering around 3% for the past four months, a Federal Reserve Bank of New
York survey showed. That marked the highest reading since November. Anticipated
home price growth rose at a similar pace — the fastest advance since July 2022.

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