US: Short- and Medium-Term Inflation Expectations Increase, Gas Price Growth Expectations Fall

From newyorkfed.org

The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the June 2026 Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short- and medium-term horizons and were unchanged at the longer-term horizon. Gas price growth expectations declined to the lowest level since August 2022. Labor market expectations improved, with job-finding expectations increasing and job-loss expectations and expectations about the unemployment rate declining. Spending growth expectations were unchanged. Respondents were more optimistic about their future ... (full story)