One-year consumer inflation expectation declines to 5% in December – Crypto News – Crypto News
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US 10-year, 5-year inflation expectations refresh multi-day low US 10-year, 5-year inflation expectations refresh multi-day low

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One-year consumer inflation expectation declines to 5% in December – Crypto News

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2 years ago

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The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation declined to 5% in December from 5.2% in October.

Further details of the publication showed that the three-year ahead expected inflation remained unchanged at 3% and the five-year ahead expected inflation edged higher to 2.4% from 2.3%.

“The median expected growth in household income rose by 0.1 percentage point to 4.6% in December, a new series high,” the NY Fed noted in its publication. “Median household spending growth expectations fell sharply to 5.9% from 6.9% in November. The decline was broad based across age and income groups.”

Market response

The US Dollar Index stays under bearish pressure and was last seen losing 0.8% on the day at 103.05.

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