NY Fed: January one-year expected inflation unchanged at 3%
|The Federal Reserve Bank of New York's latest Survey of Consumer Expectations showed on Monday that the US consumers' one-year inflation expectation held steady at 3%.
Key takeaways
Three-year expected inflation at 2.4%, lowest since March 2020, vs December’s 2.6%.
Five-year expected inflation unchanged at 2.5%.
Expected inflation rises soften for food, gas, rent, medical costs, college education
Expected rise in gas prices lowest since December 2022.
Expected food rise lowest since March 2020, rent since December 2020.
Expected income growth rises by 2.8% in January vs. December’s 2.5%.
Perceptions of access to credit improved in January.
Expected home price rise unchanged at 3%.
Labor market expectations mixed in January
Market reaction
The US Dollar Index showed no immediate reaction to this report and was last seen posting small daily gains at 104.15.
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