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Actually, inflation expectations as polled by the New York Fed [1] is down in the short, medium, and long (1-year, 3-year, 5-year) term. [1] https://www.newyor

• algoatecorn 4y ago
  Expectations are not the same as consumer behavior which is reflected in sales revenue. On average, wages have not kept up with inflation. This means the average person will either cut back, or they will make the sub-optimal decision to not change their spending habits.