NY Fed March Survey Shows Rise in Inflation Expectations
March survey data shows near-term inflation expectations rose to 3.4% as energy prices climbed. Consumers also reported growing pessimism about their finances.
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Consumers in the United States are bracing for a period of heightened price pressure as energy market volatility continues to impact household expectations. The Federal Reserve Bank of New York reported on Tuesday that its March Survey of Consumer Expectations showed a jump in near-term inflation projections, with the one-year outlook rising to 3.4% from 3% in the previous month. This increase brings the volatile metric back to levels seen at the end of last year.
