Gold slides on Iran oil shock and firm US dollar, with $4,000 support eyed before late-2026 rebound

The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the April 2026 Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short-term horizon and remained unchanged at the medium- and longer-term horizons. Gas price growth expectations retreated appreciably from a spike in March. Labor market expectations were largely stable in April. Perceptions of credit access and expectations for future credit access both deteriorated, but delinquency expectations improved. The survey was fielded from April 1 through April 30, 2026. The main findings from the April 2026 Survey are: Inflation • Median inflation expectations increased by 0.2 percentage point to 3.6% at the one-year-ahead horizon. They were unchanged at 3.1% for the three-year-ahead horizon and at 3.0% for the five-year-ahead horizon in April. The survey’s measure of disagreement across respondents (the difference between the 75th and 25th percentiles of inflation expectations) increased at the one-year and five-year-ahead horizons and decreased at the three-year-ahead horizon. Median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—increased at the one-year-ahead horizon and decreased at the three-year and five-year-ahead horizons. Median home price growth expectations decrea US NY Fed 1-Year Inflation Expectations Apr: 3.64% (est 3.5%; prev 3.4%) - 3-Year Inflation Expectations: 3.1% (prev 3.1%) - 5-Year Inflation Expectations: 3.0% (prev 3.0%) NY Fed: April forecasts higher future unemployment rate, highest since April 2025 NY Fed: April current and future credit access outlook worsens from March NY Fed: April Year-ahead gasoline price forecasts fell sharply

US State Department Official: Lebanon, Israel To Hold Talks Thursday And Friday Next Week In Washington – RTRS