University Of Michigan’s Inflation Expectations Report Saw Another Brutal Rise In March:
- Year-ahead inflation expectations jumped to 4.9% from 4.3%.
- Three consecutive months of unusually large increases of 0.5 percentage points or more.
- This month’s rise was seen across all three political affiliations.
- Long-run inflation expectations surged to 3.9% in March from 3.5%.
- This was the largest month-over-month increase seen since 1993, stemming from a sizable rise among Independents, and followed an already-large increase in February.
Multifamily Market News 