NY Fed: Inflation expectations rise; labor market expectations improve
|"The New York Fed’s Center for Microeconomic Data today released the December 2017 Survey of Consumer Expectations, which shows an increase in short- and medium-term inflation expectations. Expectations about income and spending growth decreased, but expectations about household financial situations and credit availability improved," the Federal Reserve Bank of New York announced on Tuesday.
Key quotes
Median inflation expectations at the three-year horizon increased from 2.8% in November to 2.9% in December, while at the one-year horizon they rose from 2.6% to 2.8%.
The median one-year-ahead expected gasoline price change decreased from 4.3% in November to 4.1% in December.
Median one-year-ahead earnings growth expectations continued to increase, from 2.6% in November to 2.7% in December, a level last reached in November 2014.
Mean unemployment expectations dipped 0.2 percentage points to 33.5% in December, the lowest level since December 2014.
Median expected household income growth decreased 0.2 percentage points in December, to 2.8%, but remained in line with the trailing 12-month average of 2.7%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.