Monday, March 10, 2014

Survey of Consumer Expectations

U.S. consumers see a small acceleration in inflation over the next year, according to a survey released Monday. The Survey of Consumer Expectations from February done by the Federal Reserve Bank of New York, shows consumers think the inflation rate will rise to 3.09% on the one-year horizon, up from 3.0% in January. The median inflation expectations for the next three years edged up to 3.18% from 3.05% a month earlier.
Expectations about home prices, however, slowed last month. The New York Fed survey found consumers think the median gain in home prices during the coming year will be 4.0%, down from a 4.54% increase expected in January.