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US Short-Term Inflation Expectations Decline Slightly; Consumer Optimism about Stock Market Reaches Three-Year High
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the May 2024 Survey of Consumer Expectations, which shows inflation expectations declined at the short-term horizon, remained unchanged at the medium-term horizon, and increased at the longer-term horizon. Labor market expectations were mixed. Households’ expectations for the stock market improved, reaching a three-year high. Households were also more optimistic about their financial situation a year from now. The main findings from the May 2024 Survey are: Inflation • Median inflation expectations at the one-year horizon declined ... (full story)
Added at 11:11am
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US NY Fed 1-Year Inflation Expectations May: 3.17% (prev 3.26%)
— LiveSquawk (@LiveSquawk) June 10, 2024
Added at 11:12am
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NY FED: MAY THREE-YEAR AHEAD EXPECTED INFLATION UNCHANGED AT 2.8%.
— FinancialJuice (@financialjuice) June 10, 2024
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- Posted: Jun 10, 2024 11:02am
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