Compared with November: consumer expectations for inflation 12 months ahead remained unchanged, while expectations for inflation three years ahead edged up; expectations for nominal income growth over the next 12 months increased, while expectations for nominal spending growth decreased slightly; expectations for economic growth over the next 12 months increased, whereas they decreased for the unemployment rate in 12 months’ time; consumer expectations for growth in the price of their home over the next 12 months and expectations for mortgage interest rates 12 months ahead remained broadly unchanged. The median rate ... (full story)