The bar chart shows median inflation expectations data for investors from February 2024 and April 2024. For the February 2024 data, both the inflation expectation for 12 months and the inflation expectation for 10 years were at 3%, above the Fed’s target of 2%. For the April 2024 data, the inflation expectation for 12 months slightly increased to 3.5% from 3% in February. The inflation expectation for 10 years remained the same from two months earlier at 3%. Both percentages were above the Fed’s target of 2%.