US consumer inflation expectations diverge sharply by asset ownership — non-asset owners expect ~5.0% inflation while stock holders expect <4.0%, mirroring late-2022 levels.
Macro & Markets ·
A sharp divide has emerged in US consumer inflation expectations based on asset ownership, with non-asset holders expecting around 5.0% inflation in August—near the year's highest level—while those with significant stock holdings anticipated less than 4.0%. The gap reflects a substantial shift from late 2024, when non-asset owner expectations stood at roughly 3.0%, and mirrors divergence patterns last seen in late 2022 following the energy crisis recovery.