New York Fed Inflation Expectations: Three-year inflation expectations at 2.9% versus 2.7% previously

• Inflation over one year 3.0% versus 3.0% previously
• Inflation expectations over three years at 2.9% compared to 2.7% previously
• Inflation over five years at 2.6% compared to 2.9% previously
• Expected increase in house prices of 3.0% compared to 3.0% previously

The three-year figure rose successively from 2.4% to 2.7% to 2.9%, a worrying sign, but the five-year decline could indicate to the Fed that it is just noise. I wonder if the one year rate starts to rise with oil prices.

Other titles:

• Wage growth expected for the coming year +2.8% compared to +2.8% previously
• Fear of debt default was at its highest level in four years
• Households’ perception of their personal finances improved slightly in March

This article was written by Adam Button at www.forexlive.com.

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