NY Fed: March 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% in March.
Key takeaways
"Three year ahead expected inflation 2.9% vs. Feb's 2.7%."
"Five year ahead expected inflation 2.6% vs. Feb’s 2.9%."
"Year ahead expected home price rise unchanged at 3%."
"Bigger year ahead rises expected for food, gas, rent, medical costs."
"Year ahead expected earnings growth steady at 2.8%."
"Fear of missing debt payment highest in four years."
"Household view on personal finances improved modestly in March."
Market reaction
The US Dollar Index stays under modest bearish pressure following this report and was last seen losing 0.1% on the day at 104.18.
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.