The Federal Reserve Bank of New York monthly survey on consumer expectations showed on Monday that US consumers’ year-on-year inflation expectations eased to 5% in December, from 5.2% in October.
Other details in the release showed that three-year inflation expectations were unchanged at 3% and five-year inflation expectations rose to 2.4% from 2.3%.
Median household income growth expectations rose 0.1 percentage points to 4.6% in December, a new series high,” the New York Fed said in its publication, which noted that “the median household spending growth expectations fell sharply to 5.9% from 6.9% in November. “The decline was across all age and income groups.”
Market reaction
The Dollar Index remains under bearish pressure and was last seen down 0.8% on the day to 103.05.
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.