Compared with August 2023:
- median consumer inflation expectations for the next 12 months increased noticeably, while expectations for three years ahead remained unchanged;
- expectations for nominal income growth over the next 12 months remained unchanged, but expectations for nominal spending growth increased slightly;
- expectations for economic growth over the next 12 months became more negative and the expected unemployment rate in 12 months’ time increased;
- expectations
for growth in the price of homes over the next 12 months decreased
slightly, and expectations for mortgage interest rates 12 months ahead
rose noticeably to a new high. (...)
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