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MNI BRIEF: US Consumers See More Inflation On Horizon -NY Fed


U.S. inflation expectations increased at medium and longer-term horizons in February, according to a New York Fed's survey of consumers published Monday, while one-year-ahead expectations were unchanged from the prior month at 3.0%.

The three-year-ahead measure increased to 2.7% from 2.4% and the five-year gauge rose to 2.9% from 2.5%, the New York Fed said, noting the increases were most pronounced for respondents with at most high school degrees. Median home price growth expectations remained unchanged for the fifth consecutive month at 3.0%. (See: MNI INTERVIEW: Fed Seen Patient As Price Views Sticky - UMich)

Perceptions about households’ current financial situations deteriorated somewhat with fewer respondents reporting being better off than a year ago and year-ahead expectations also deteriorated marginally, the NY Fed survey showed. Respondents' perceived likelihood of voluntary and involuntary job separation increased.

Source: New York Fed

MNI Washington Bureau | +1 202-371-2121 |
MNI Washington Bureau | +1 202-371-2121 |

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