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New York Fed Survey Shows Inflation Expectations Largely Stable in January and Future Spending to Fall Significantly

New York Fed Survey Shows Inflation Expectations Largely Stable in January and Future Spending to Fall Significantly

Bitget2025/02/10 16:58

A report from the New York Federal Reserve found that the US public's expectations for short-term inflation remained largely stable in January, and that it expects spending to fall back significantly in the future, Golden Financial reported. Expectations for the level of inflation one year from now and three years from now both remained unchanged at 3% last month, while expectations for the level of inflation five years from now rose to 3% from 2.7% in December, the survey showed.In January, the public also predicted larger increases in the future costs of food, gasoline, rent, college and health care, while expectations for home prices rose to 3.2% from 3.1% in December. The change in consumers' expectations for future household spending fell to 4.4%, the lowest level since January 2021, from 4.8% in December. However, the report noted that the reading was still above the level seen before the New Crown outbreak.

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