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US short-term inflation expectations rise in March: New York Fed
Gasoline price expectations jumped 5.3 percentage points to 9.4%, and respondents saw inflation a year ahead at 3.4%, the New York Fed said.
- The New York Fed's March survey found one-year-ahead inflation expectations climbed to 3.4% from 3.0%, driven primarily by a 5.3 percentage point surge in gasoline price forecasts to 9.4%.
- Rising energy prices tied to conflicts in the Middle East and Ukraine are fueling near-term inflation fears, according to a report released Tuesday by the Federal Reserve Bank.
- Households reported deteriorating financial sentiment, with the mean probability of higher unemployment next year rising 3.6 points to 43.5%, the highest level since April 2025.
- New York Fed President John Williams warned that energy shocks "will directly go into headline inflation," expecting elevated levels to persist through the middle of this year.
- Longer-Range inflation projections remain muted, with three-year expectations rising to 3.1% and five-year forecasts holding stable at 3.0%, signaling confidence in long-term price stability.
12 Articles
12 Articles
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American consumers are bracing for an Iran war inflation jolt, though they don't anticipate the effects will linger. That's the upshot of the New York Federal Reserve Bank's March Survey of Consumer Expectations, the first to capture sentiment since the war began. Why it matters: So far, that is…
Median inflation expectations for the coming year in the United States rose to 3.4 percent in March
NY Fed March survey finds jump in near-term inflation expectations
Americans, rattled by surging energy prices tied to war in the Middle East, are expecting higher near-term inflation and fresh challenges to their personal financial situations, the Federal Reserve Bank of New York reported on Tuesday.
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Nemos News NetworkNY Fed: Inflation Expectations Jump, Driven By Surging Gas
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