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1 Year Inflation Expectations Jump To 3 Year High In Latest NY Fed Consumer Survey

1 Year Inflation Expectations Jump To 3 Year High In Latest NY Fed Consumer Survey Inflation as measured by the CPI may have peaked, but Americans’ expectations for inflation over the near and medium term rose notably in June according to a Federal Reserve Bank of New York survey released Tuesday, with strong increases anticipated for medical care costs and rent, Consumers now see inflation at 3.7% over the next year, up from 3.5% in May, the highest since September 2023. Expectations for inflation in three years increased to 3.3%, the...
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