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New York Fed Survey Finds Long-Term Inflation Expectations Falling
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wsj.comAmericans are expecting lower inflation increases over the longer run, amid a sharp drop in the projected rate of home-price increases, the Federal Reserve Bank of New York said in a report Monday.
The bank said in its June Survey of Consumer Expectations that three years from now, respondents see inflation at a 3.6% rise, down from a 3.9% increase in May. The bank also said five years from now, the expected rate of inflation is seen at a 2.8% gain, from the prior month’s projected 2.9% rise.
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