Home > NewsRelease > Is Inflation as 'Transitory' as the Federal Reserve Asserts?
Text
Is Inflation as 'Transitory' as the Federal Reserve Asserts?
From:
Greg Womack -- Oklahoma Financial Advisor Greg Womack -- Oklahoma Financial Advisor
Oklahoma City, OK
Monday, October 18, 2021

 

As prices continue to march higher for food, gas, and just about everything else, everyday people are beginning to realize that maybe inflation won't be as 'transitory' as the Federal Reserve continues to assert.

According to the New York Fed's Survey of Consumer Expectations, inflation expectations for three years from now jumped to 4.2% - the highest level in the survey dataset – and to 5.3% for one year out. But expectations for income growth are way behind expected inflation, at just 2.9%. If these expectations come true, Americans will be forced into a lower standard of living as expenses outrun incomes.

 
News Media Interview Contact
Name: Greg Womack, CFP
Title: President
Group: Womack Investment Advisers
Dateline: Edmond, OK United States
Direct Phone: 405-340-1717
Jump To Greg Womack -- Oklahoma Financial Advisor Jump To Greg Womack -- Oklahoma Financial Advisor
Contact Click to Contact
Other experts on these topics