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MNI BRIEF: NY Fed Survey - Consumers Expect Lower Inflation

Americans in June generally saw easing inflation pressures and decelerating home price increases, according to a monthly survey from the New York Federal Reserve published Monday.

Median one- and five-year-ahead inflation expectations both declined by 0.2 percentage point in June to 3.02% and 2.83%, according to the Survey of Consumer Expectations. The median three-year ahead inflation expectations increased 0.1 percentage point to 2.93%. (See: MNI INTERVIEW: U.S. Consumers Expect More Disinflation - UMich)

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Americans in June generally saw easing inflation pressures and decelerating home price increases, according to a monthly survey from the New York Federal Reserve published Monday.

Median one- and five-year-ahead inflation expectations both declined by 0.2 percentage point in June to 3.02% and 2.83%, according to the Survey of Consumer Expectations. The median three-year ahead inflation expectations increased 0.1 percentage point to 2.93%. (See: MNI INTERVIEW: U.S. Consumers Expect More Disinflation - UMich)

Keep reading...Show less