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NY Fed: Inflation Expectations Jump, Driven By Surging Gas
NY Fed: Inflation Expectations Jump, Driven By Surging Gas
Ahead of Friday's CPI report, inflation fears are already rising, with the NY Fed's latest monthly survey of consumer expectations reporting that Inflation expectations at the one-year horizon were higher at 3.42% in March from the previous month’s 3.00%, matching the highest since April '25. Inflation expectations also increased by 0.1% to 3.1% at the three-year-ahead horizon, and were unchanged at 3.0% at the five-year-ahead horizon in March.
The jump in year-ahead expectations was driven by a surge in gas inflation which rose 5.3%...
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