Inflation Expectations Fall to 5-Month Low as Household Confidence Rebounds

Inflation Expectations Fall to 5-Month Low as Household Confidence Rebounds

Near-term inflation expectations declined in June while Americans reported greater confidence about their finances and job prospects, according to a new report from the Federal Reserve Bank of New York. The New York Fed’s Survey of Consumer Expectations, released on July 8, showed median inflation expectations fell by 0.2 percentage point to 3.0 percent for the year ahead. Expectations for inflation three years out remained at 3.0 percent, while…

Inflation Target and Expectations - Clark Center Forum

This US survey examines (a) If the Fed changed its inflation target from 2% to 3%, the long-run costs of inflation for households would be essentially unchanged; (b) The Fed’s revised strategy announced in 2020 – focusing on employment shortfalls and with a more flexible interpretation of the inflation target – has made little practical difference to monetary policy outcomes in the past five years The post Inflation Target and Expectations appea…

NY Fed survey: Inflation expectations ease, job security rises - Action Forex

US consumers grew more optimistic in June, with inflation expectations moderating and perceptions of job security improving, according to the latest New York Fed Survey of Consumer Expectations. One-year-ahead median inflation expectations fell to 3.0%, reversing the recent uptick to 3.6% in April and returning to January levels. Longer-term expectations were unchanged at 3.0% for […] The post NY Fed survey: Inflation expectations ease, job secu…