New York Fed Raises U.S. One-Year Inflation Expectations to 3.7%, Highest Since 2023
One- and three-year U.S. inflation expectations rose in June, with the one-year reading reaching 3.7%, the highest since September 2023, according to the New York Fed's latest consumer survey. The three-year gauge climbed to 3.3%, the highest since June 2022, while the five-year view held at 3.0%.
The survey showed households growing more optimistic about personal finances and the labor market, while expectations for gasoline prices eased to the lowest level since August 2022.
From the sources (3 posts)
@deitaoneU.S. INFLATION EXPECTATIONS EDGE HIGHER The New York Fed said one-year inflation expectations rose to 3.7% in June from 3.5%, the highest since September 2023. Three-year expectations climbed to 3.3%, while five-year expectations held at
@zerohedgeNY Fed Consumer Survey inflation expectations 1 Year: up to 3.67%, from 3.46%, highest since Sept '23 3 Year: 3.34% from 3.13%, highest since 2022 5 Year: 3.00%, unch.
@deitaoneNY FED: JUNE YEAR AHEAD EXPECTED INFLATION 3.7% VS. MAY’S 3.5% NY FED: JUNE YEAR AHEAD EXPECTED INFLATION HIGHEST SINCE SEPTEMBER 2023 NY FED: JUNE THREE-YEAR AHEAD EXPECTED INFLATION 3.3% VS. MAY’S 3.1% NY FED: JUNE FIVE-YEAR AHEAD EXPE