New York Fed Survey Finds 1-Year Inflation Expectations Fall to 3.5%, Chances of Job Loss Rise
The New York Fed’s May Survey of Consumer Expectations showed one-year inflation expectations easing to 3.5% from 3.6% in April, while three-year and five-year views were unchanged at 3.1% and 3.0%. Expected gasoline-price increases over the next year edged down to 5.0%, but anticipated home-price gains rose to 3.5%, the highest since July 2022.
The survey also pointed to a weaker household backdrop. The proportion of positive financial outlooks relative to negative ones fell to the lowest since October 2022, the chance of losing a job over the next year increased, and perceived prospects for job seekers dropped to their lowest point this year.
From the sources (19 posts)
@deitaoneTHREE-, FIVE-YEAR INFLATION EXPECTATIONS WERE UNCHANGED IN MAY: NEW YORK FED
@financialjuiceNY FED 1 YR INFLATION EXPECTATIONS ACTUAL 3.46% (FORECAST 3.72%, PREVIOUS 3.64%) $MACRO
@financialjuiceNew York Fed: One-year ahead expected inflation at 3.5% in May versus 3.6% in April.
@financialjuiceNew York Fed: Three-year ahead expected inflation unchanged in May at 3.1%.
@financialjuiceNew York Fed: Year-ahead home price rise jumps to 3.5% in May, highest since July 2022.
@financialjuiceNew York Fed: Expectations for the job market outlook in May were mixed.
@financialjuiceNY Fed: chances of losing job in next year increase
@deitaoneNEW YORK FED SURVEY SHOWS MIXED INFLATION OUTLOOK New York Fed survey shows 1-year inflation expectations at 3.5% in May vs 3.6% in April, while 3-year and 5-year views remain unchanged at 3.1% and 3.0%. Year-ahead home price expectations
@financialjuiceny Fed: anticipated quit rate reaches highest point since Feb. 2023
@firstsquawkNEW YORK FED EXPECTS ONE-YEAR INFLATION TO BE 3.5% IN MAY, DOWN FROM 3.6% IN APRIL.
@firstsquawkNEW YORK FED REPORTS NO CHANGE IN THREE-YEAR INFLATION EXPECTATIONS AT 3.1% IN MAY.
@firstsquawkNEW YORK FED REPORTS INFLATION EXPECTATIONS FOR FIVE YEARS REMAIN STABLE AT 3.0% IN MAY.
@firstsquawkNEW YORK FED PREDICTS GASOLINE PRICES TO INCREASE 5% IN MAY, SLIGHTLY DOWN FROM 5.1% IN APRIL.
@firstsquawkNEW YORK FED REPORTS HOME PRICE INCREASE EXPECTATION CLIMBS TO 3.5% FOR NEXT YEAR IN MAY, REACHING HIGHEST LEVEL SINCE JULY 2022.
@firstsquawkNEW YORK FED REPORTS LOWEST RATIO OF POSITIVE TO NEGATIVE FINANCIAL OUTLOOKS IN MAY SINCE OCTOBER 2022.
@financialjuiceNew York Fed: Proportion of positive finance outlooks vs negative in May hits lowest since October 2022
@zerohedgeNY Fed Consumer Survey, Median Inflation Expectations: 1-Year: 3.46%, down from 3.64% 3-Year: 3.1%, unch 5-year 3.0%, unch
@cnbcHousehold worries over finances hit highest level since July 2022, New York Fed survey shows
@businessAmericans’ view of the labor market grew somewhat more pessimistic in May, with the perceived prospects for job seekers hitting their lowest point this year