Results from the January 2017 Survey of Consumer Expectations
(SCE) show an increase in one-year and three-year ahead inflation expectations, with both returning to levels last seen in the summer of 2015. Earnings growth expectations were stable in January, but expectations about both finding or losing a job and about the future unemployment rate all improved. Household financial expectations deteriorated somewhat, showing decreases in expected household income and spending growth, and increases in the likelihood of missing a minimum debt payment. Expectations about increases in interest rates on savings accounts and in U.S. stock prices maintained their relatively high levels seen since December.
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Press Release: Inflation Expectations Rise in January