NY Fed: Median inflation expectations at the one-year horizon remained unchanged at 3.0%
|"Median inflation expectations at the one-year horizon remained unchanged at 3.0%, while they increased by 0.1 percentage points at the three-year horizon to 3.0% in December, returning to October reading," the Federal Reserve Bank of New York said in its latest Survey of Consumer Expectations.
Key takeaways from the press release
- Inflation uncertainty–or the uncertainty expressed by respondents regarding future inflation outcomes–also remained unchanged.
- Median one-year ahead earnings growth expectations rebounded from 2.0% in November to 2.5% in December.
- Mean unemployment expectations increased for the third consecutive month from 35.8% in November to 38.8% in December, reaching the series’ high since October 2016.
- Median expected household income expectations declined to 2.9%; while the median household spending growth expectations remained unchanged at 3.5% in December.
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.