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MNI BRIEF: NY Fed: 3-Year Inflation Expectations At 8-Yr High

(MNI) WASHINGTON
(MNI) Washington

Consumers' expectations for inflation in three years rose a tenth to 3.7% last month, hitting its highest since August 2013, while one-year-ahead expectations stayed elevated at 4.8%, the New York Fed said Monday.

Former officials have told MNI that a run of surprisingly strong inflation readings is increasing the danger that the Fed could allow expectations for higher price increases to become entrenched.

MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
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MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
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