The Federal Reserve Bank of New York’s latest Survey of Consumer Expectations showed on Tuesday that the US consumers’ one-year inflation expectation edged higher to 3.7% in September from 3.6% in August.
Key takeaways
“Three-year ahead expected inflation 3% vs. August’s 2.8%.”
“Five-year ahead expected inflation 2.8% vs. August’s 3%.”
“Median expected home price rise at 3% vs. August’s 3.1%.”
“Expected college cost rise drops by record amount for survey.”
“Credit access perceptions weakened in September.”
“Consumers’ view on financial situation ebbed slightly in September.”
“Consumers predicted steady spending growth of 5.3% in September.”
Market reaction
The US Dollar stays under modest bearish pressure following this publication. As of writing, the US Dollar Index was down 0.22% on the day at 105.82.
Source: https://www.fxstreet.com/news/ny-fed-year-ahead-expected-inflation-edges-higher-to-37-from-36-in-august-202310101504