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MNI: NY Fed - Long-Term Inflation Expectations Edge Higher

Latest consumer survey showed delinquency expectations rising to their highest since April 2020.

MNI (WASHINGTON) - U.S. consumers' medium- and long-term inflation expectations increased slightly in September even as their near-term outlook for price pressures held steady, according to a Federal Reserve Bank of New York report Tuesday, also showing delinquency expectations at the highest level since April 2020.

The median three-year inflation expectation increased to 2.7% from 2.5% in September and at the five-year horizon rose to 2.9% from 2.8%. The one-year outlooks held steady at 3.0%, according to the Survey of Consumer Expectations. (See: MNI POLICY: Fed To Scale Back To 25BP As US Outlook Stays Rosy)

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MNI (WASHINGTON) - U.S. consumers' medium- and long-term inflation expectations increased slightly in September even as their near-term outlook for price pressures held steady, according to a Federal Reserve Bank of New York report Tuesday, also showing delinquency expectations at the highest level since April 2020.

The median three-year inflation expectation increased to 2.7% from 2.5% in September and at the five-year horizon rose to 2.9% from 2.8%. The one-year outlooks held steady at 3.0%, according to the Survey of Consumer Expectations. (See: MNI POLICY: Fed To Scale Back To 25BP As US Outlook Stays Rosy)

Keep reading...Show less