US consumers have raised their expectations for inflation and household spending within a year as gas and food prices rise, but have moderated their view of medium-term inflation, according to a survey. released this Monday (11) by the Federal Reserve of New York.
Expectations of where inflation will be in a year rose to 6.6% in March, the highest since the survey was released in 2013 and up from 6.0% in February.
The forecast is that family spending will grow 7.7% in the year, also a peak in the series. Only 23% see their household finances improving in the next year, the smallest share since the survey began.
Americans are facing the worst spurt of inflation in decades, which is getting worse: Economists polled by Reuters expect data on Tuesday to show consumer prices rose, in their annual reading, 8.4% in March. , up from February’s 7.9% rate as Russia’s invasion of Ukraine raises food and energy prices.
Source: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
