MNI: US Dec Consumer Inflation Expectations Mixed -NY Fed
MNI (WASHINGTON) - U.S. consumers median inflation expectations rose to 3.0% from 2.6% at the three-year horizon and fell to 2.7% from 2.9% at the five-year horizon in December, according to a New York Fed monthly survey. Inflation expectations were unchanged at 3.0% at the one-year horizon.
The increase at the three-year horizon was broad-based across age, education and income groups while the decline at the five-year horizon was driven by respondents below age 40 and most pronounced for those with a high-school education or less, the Fed bank said.
Respondents' expectations about their job prospects improved somewhat in the month. The average perceived likelihoods of a job loss and voluntary job separation declined to the lowest in nearly a year, but expectations of finding a job in the event of a job loss also fell.