U.S. Consumer Inflation Expectations at 19-Month High, Fed Says
- Expected inflation for one year from now rose to 3 percent
- Outlook for household income and spending growth fall
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U.S. households’ expectations for consumer price inflation rose to the highest level since mid-2015, according to a Federal Reserve Bank of New York survey.
The median survey respondent reported an expected inflation rate last month of 2.9 percent three years ahead, up from 2.8 percent in December, according to results released Monday by the New York Fed. Expected inflation for one year from now rose to 3 percent, from 2.8 percent the month earlier.