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01.07 - 10:37
NY Fed Survey Finds Jump in Near-Term Inflation Expectations in May
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The public’s expectations for inflation in the short term rose in May, according to a report Monday from the Federal Reserve Bank of New York.
Households believe inflation one year from now will be 6.6% higher, up from the 6.3% projection seen in the April data and the highest level seen in a survey that goes back to 2013. But the New York Fed also found in its latest Survey of Consumer Expectations that the expected level of inflation three years from now held steady at 3.9%.
Read more on wsj.comAbout this in other media
Fed’s Williams Sees Another Large Rate Rise at July Meeting as Possible wsj.com /2 years ago
New York Fed President John Williams says a U.S. recession is not his base case cnbc.com /2 years ago
Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly cnbc.com /2 years ago
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