The Federal Reserve Bank of New York’s monthly survey of consumer expectations showed on Monday that US consumers’ one-year inflation expectations were unchanged at 5% in January.
Other details in the release showed that three-year inflation expectations fell to 2.7% from 2.9% in December and five-year inflation expectations rose to 2.5% from 2.4%.
One worrying piece of information is that the expected growth in household income for next year fell from 4.6% to 3.3%, which is the biggest drop in the history of the survey.
Market reaction
The DXY remains under modest bearish pressure following this report and was last seen down 0.17% on the day, trading at 103.40.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
