Just read the article, that is a survey of consumer expectations, not the actual Fed prediction. Either way, not good.

Keegan99 said:

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JUST IN - NY Federal Reserve now sees inflation at 5.2% in one year, 4% in three years; a series high with "large expected price rises" in food, rent, and medical costs.

— Disclose.tv (@disclosetv) September 13, 2021

In May, Janet Yellen said the inflation was temporary.

Oops.

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Unpossible, a young whippersnapper and self-proclaimed economic savant on F16 assured me that this is only transitory.

It was the survey of consumer expectations. Consumers expect prices to continue to go up.

https://finance.yahoo.com/news/american-households-continue-to-expect-rising-inflation-ny-fed-survey-150935793.html

TAMU1990 said:

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HarryJ33tamu said:

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I'm an econ major. This is very very bad. Too bad half of our population is too dumb to realize what is going on.

At least there are no more mean tweets though, and that's what really matters.

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They'll figure it out when their cash doesn't go as far to buy everything the government won't.

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They won't figure it out though. They'll blame racism or oppression of some sort and blame the white man for bringing them down (even though a lot of them are white liberals). These people are sheep and believe whatever the tv/social media tells them to.

https://texags.com/forums/16/topics/3205233

Laugh/Cry

Laughing at Oldag2020, crying for my bank account.

This was always the path, we are a dying reserve currency and suffering from the Triffen Paradox. HTH.

Best to start transitioning to the bitcoin standard or learning to properly censor yourself from dear leaders while using the Chinese social credit system. Good luck.

Back in the 70s, during Carter, the press held his feet to the fire.

Now, they cover for Biden. This should be the lead story every day on every network.

Before or after they remove gas, meat, dairy, and other much more highly inflated items?

More like 5% a quarter minimum....

JC can RIP as the 2nd worst President eva

so they gave Obama the credit for 2016-2019 economy, so this is just Trumps' fault

Inflation in our costs for my company is approaching 35% YoY. Lead times on some items are out to 6 to 9 months.

Wow. Hope Social security recipients get a commiserate bump or there won't be a senior alive that'll ever vote for the dems again.

Fedup said:

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Wow. Hope Social security recipients get a commiserate bump or there won't be a senior alive that'll ever vote for the dems again.

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Sure they will. The same national `news' that started saying Republicans were for `defund the police' will just start lying and gaslighting to them.

Keegan99 said:

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JUST IN - NY Federal Reserve now sees inflation at 5.2% in one year, 4% in three years; a series high with "large expected price rises" in food, rent, and medical costs.

— Disclose.tv (@disclosetv) September 13, 2021

In May, Janet Yellen said the inflation was temporary.

Oops.

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At least, Even McD stopped their $1 large soda deal. I say that because their is a huge markup on sodas.

At Pluckers, if you want bone-in wings you have to pay $2 more per 5 wings.

Yellen can no longer cover for Biden's incompetence

5.2 is the new 15

it's going to get worse before it gets better.

The avg container from Asia to the US has quadrupled over the last year to almost $9,000. Some are going for as much as $20,000 (think Amazon and others outbidding smaller companies for containers).

also...the bottleneck at the ports is unbelievable.
https://www.supplychainbrain.com/articles/33677-one-stuck-box-of-fertilizer-shows-the-global-supply-chain-crisis

Aggie95 said:

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it's going to get worse before it gets better.

The avg container from Asia to the US has quadrupled over the last year to almost $9,000. Some are going for as much as $20,000 (think Amazon and others outbidding smaller companies for containers).

also...the bottleneck at the ports is unbelievable.
https://www.supplychainbrain.com/articles/33677-one-stuck-box-of-fertilizer-shows-the-global-supply-chain-crisis

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Ironically, with all this, the globalists are imposing restrictions that are the most likely to end their preferred global commerce. This could easily produce conditions where national populists around the world take power amid a wave of "build it all at home" "employ all here" and figure out how to pay for it later in favor of just getting away from interdependence.

Supply side definitely seems to be driving a lot of this. Overly complex supply chains are one of the problems with globalism. One tiny part of the supply chain in one tiny country can have huge effects on global trade.

If we are going to pay higher prices anyway, at least start making **** in America again, or at least North America.

Definitely seeing a lot of companies moving out of China. Some others have doubled down.

Some folks are predicting increasing economic regionalization. It seems to be happening. One of the few things I support in terms of economic plans from Biden administration, which is really a continuation of what Trump was doing, is focus on a North/South American economic zone.

A lot of companies are seeing overseas manufacturing in places like China as more risky than beneficial. China in particular is going to struggle with outside companies leaving, largely due to their own behavior. No one in Asia really wants to trade with them, a lot of these African countries don't want to do deals with them either but they feel bullied and pressured. It's going to backfire big-time against China.

Keegan99 said:

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JUST IN - NY Federal Reserve now sees inflation at 5.2% in one year, 4% in three years; a series high with "large expected price rises" in food, rent, and medical costs.

— Disclose.tv (@disclosetv) September 13, 2021

In May, Janet Yellen said the inflation was temporary.

Oops.

---

The media will look directly at the camera in 2022 and tell you that your groceries, gas, and clothes costing you more is just normal cost increases, and if you find any friends discussing the perceived cost increases using the unpatriotic term "inflation", they should be turned in as insurrectionists.

Hopefully by then though, anyone not a Left Dem will just see the media as adversary.

I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.

The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.

A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.

Quote:

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A better metric is that the market is pricing inflation at 2.5%.

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By what measure in the market pricing inflation at 2.5%?

He pulled that out of his ass.

Tom Doniphon said:

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He pulled that out of his ass.

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Ya I know just wanted to see what brought him to that conclusion.
To be fair, he'd fit right in on CNBC

Oldag2020 said:

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I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.

The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.

A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.

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Just want to remind everyone here that our government and many many large financial firms think exactly like this 22 year old.

This is where we failed. We let dumbass piece of **** Keynesians teach our kids. Now our kids are all idiots too.

And how exactly is it stopping in just 3 years? Just because it's an election year?

Price increases over last yr (CPI report)...
Gasoline: +42.7%
Used Cars: +31.9%
Gas Utilities: +21%
New Cars: +7.6%
Overall CPI: +5.3%
Electricity: +5.2%
Food away from home: +4.7%
Transportation: +4.6%
Apparel: +4.2%
Food at home: +3.0%
Shelter: +2.8%
Medical care service: +1.0%

— Charlie Bilello (@charliebilello) September 14, 2021

Muy said:

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And how exactly is it stopping in just 3 years? Just because it's an election year?

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It won't, unless somehow a (real) Republican wins and both houses go GOP. Otherwise the socialist rot just continues.

mazag08 said:

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Oldag2020 said:

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I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.

The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.

A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.

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Just want to remind everyone here that our government and many many large financial firms think exactly like this 22 year old.

This is where we failed. We let dumbass piece of **** Keynesians teach our kids. Now our kids are all idiots too.

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Back to my earlier point, Goldman is saying we are back at 2% by March minus the wage inflation that has happened.

They are assuming this based on a wind down of fed stimulus and resolution of covid. I just find it hard to believe right now that it's possible considering the active manipulation by Democrats to make it worse.

I think a ton of people are oblivious to what is happening in government (including these financial experts) and discount it as normal Washington politics that we can all simply absorb. It isn't normal and each additional marxist policy we absorb helps to kill future growth.

They are way more positive than anyone else.

per usual, this Twitter account posts misleading headlines that misinterpret original reporting

those figures are consumer expectations, the Fed isn't predicting them. it took a survey of households to determine consumer expectations and the numbers in OP are the result of the survey. when economists were polled they predicted lower numbers.

https://www.bloomberg.com/news/articles/2021-09-13/inflation-expectations-hit-4-among-u-s-consumers-fed-says

https://www.reuters.com/world/us/us-consumers-inflation-expectations-highest-8-years-ny-fed-says-2021-09-13/