The latest Consumer Expectations Survey from the Federal Reserve Bank of New York revealed on Monday that average inflation expectations over the one-year horizon rose to 3.4% from 3.2%, as reported Reuters.
Featured statements
“Three-year average inflation expectations were unchanged at 3.1%.”
“Median annual expectations for home prices and rental price growth rose to new series highs for the survey released in 2013.”
“The expected one-year-ahead average change in gas prices fell to 9.2% in April, from a series high of 9.9% in March.”
“Average expected growth in household income fell to 2.4% in April from 2.8% in March.”
“Average household spending growth expectations fell slightly to 4.6% in April, driven by a decline among households with incomes above $ 100,000.”
Market reaction
The US Dollar Index It did not show an immediate reaction to this report and was last seen losing 0.1% on the day at 90.14.
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