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MNI: US Consumers See Lower Inflation, Better Jobs - NY Fed

MNI (WASHINGTON) - U.S. consumers expect inflation will fall over the one-, three-, and five-year-horizons, according to the latest survey of consumer expectations from the Federal Reserve Bank of New York. Americans anticipate inflation over the next year will fall to 2.87%, the lowest level since October 2020.

Their expectations about inflation in three years declined 0.2pp to 2.54% and at the five year horizon declined a tenth to 2.77%, the lowest since March. 

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MNI (WASHINGTON) - U.S. consumers expect inflation will fall over the one-, three-, and five-year-horizons, according to the latest survey of consumer expectations from the Federal Reserve Bank of New York. Americans anticipate inflation over the next year will fall to 2.87%, the lowest level since October 2020.

Their expectations about inflation in three years declined 0.2pp to 2.54% and at the five year horizon declined a tenth to 2.77%, the lowest since March. 

Keep reading...Show less