US Medium-Term Inflation Expectations Decline as Long-Term Rates Hold Steady
Monday, 12 August 2024, 08:35
Consumer Expectations on Inflation
The Federal Reserve Bank of New York’s Center for Microeconomic Data recently published the July 2024 Survey of Consumer Expectations. In this survey, medium-term inflation expectations showed a notable decline, yet both short- and longer-term inflation expectations held steady.
Key Findings from the Survey
- Medium-Term Expectations: A decrease in consumer outlook on inflation over the medium horizon.
- Short-Term Stability: Expectations for inflation over the near term remain unchanged.
- Long-Term Steadiness: Long-term inflation expectations continue to show stability.
This reflects a significant shift in consumer sentiment and presents potential implications for monetary policy and economic forecasts.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.