New York Fed released today a fresh report of inflation and growth which shows that the median inflation expectations remained unchanged at the medium-term horizon and increased at the short-term horizon. Uncertainty and disagreement about future inflation increased at both the short- and medium-term horizons to new series highs. Today's data indicates that fewer US citizens believe Fed Chair Powell assurances that inflation is a transitional phenomenon.
Below we present highlights of the report:
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app- Median one year head inflation expectations increase by 0.4% to 5.7% in October. That is a new record high for the survey launched in June 2013
- Median three year ahead inflation expectations remained unchanged at 4.2% in October
- Median expected year ahead household income growth increased to 3.3% in October from 3% in September and reached a new series high
- Median year ahead household spending growth expectations increase by 0.4% to 5.4% reaching a new series high
Median one year head inflation expectations jumped to a new all-time high. Source: New York Fed Survey of Consumer Expectations
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
