According to a New York Federal Reserve survey, U.S. consumers’ long-term inflation expectations remained stable in April, despite near-term price pressures. Near-term inflation expectations for the next 12 months rose slightly, but expectations for the next three to five years showed no change from March, suggesting consumers view price shocks as temporary. The survey also found 44% of consumers expect unemployment to rise over the next 12 months, the highest level in one year.
Related News
Powell holds a press conference tomorrow morning—keeping interest rates unchanged is not a foregone conclusion. What should the next Federal Reserve decision focus on?
Bitcoin falls back to $81k, and Fed officials do not rule out the possibility of “another rate hike”
S&P 500 Earnings Beat Expectations Amid Economic Uncertainty