NY Fed Survey Finds Inflation Expectations Held Steady
The New York Fed reported that one-year inflation expectations dipped to 3% in February. Long-term outlooks remained stable before recent energy price spikes.
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A recent survey by the Federal Reserve Bank of New York indicates that consumer inflation expectations remained relatively stable in February, though the data precedes a significant escalation in geopolitical tensions. According to the Survey of Consumer Expectations, the anticipated inflation rate for the United States one year from now dipped slightly to 3% from 3.1% in January. Meanwhile, expectations for price growth over the three-year and five-year horizons held firm at 3%.
