Inflation Expectations Decline Slightly at the Short-, Long-Term Horizons, Remain Unchanged at the Medium-Term Horizon
Median inflation expectations declined slightly to 3.6 percent and 2.7 percent at the one- and five-year-ahead horizons, respectively, but were unchanged at 3.0 percent at the three-year-ahead horizon, according to the October Survey of Consumer Expectations
. Median year-ahead expected price changes increased for gas, a college education, and medical care, but remained flat for rent and food. Households’ expectations of future income and spending growth were largely stable.
For more details: Press Release:
Consumers’ Expectations Largely Stable in October