The Federal Reserve Bank of New York's latest Consumer Expectations Survey on Monday showed that U.S. consumers' one-year inflation expectations held steady at 3% in March.
Main data
“Three-year forecast inflation: 2.9% compared to 2.7% in February.”
“Inflation expected in five years: 2.6% compared to 2.9% in February.”
“The increase in housing prices one year from now remains at 3%.”
“Larger increases expected for food, Gas, rent, medical costs.”
“Forecast earnings growth for next year remains at 2.8%.”
“The fear of not paying the debt is the highest in four years.”
“Households' views on their personal finances improved slightly in March.
Market reaction
The US Dollar Index remains under modest downward pressure following this report and was last seen losing 0.1% on the day, standing at 104.18.
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.
