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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
American households' income growth expectations dropped substantially in January, according to a New York Federal Reserve survey released Monday.
After increasing each month since September of last year, the median expected growth in household income dropped by 1.3 percentage point to 3.3%, the largest one-month drop in the nearly ten-year history of the series. Still, the January reading is only slightly below its 12-month trailing average of 3.5%, and the series remains well above pre-pandemic levels. January’s decrease was more pronounced among respondents with no more than a high school education, respondents older than 60, and those with annual household incomes below USD50, 000.
The survey showed little change in inflation expectations at the short-, medium-, and long-term horizons. Median inflation expectations remained unchanged at the one-year-ahead horizon at 5.0%, decreased by 0.3 percentage point at the three-year-ahead horizon to 2.7%, and increased by 0.1percentage point at the five-year-ahead horizon to 2.5%.
Source: New York Fed
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.