US short and mid-term inflation expectations fall, says NY Fed
But housing price expectations rose 0.5% in January
US three-year-ahead median inflation expectations dropped by half a percentage point in January, the New York Federal Reserve said on February 14.
It said this was the largest drop in one month since it began taking the measure in 2013. The fall was consistent across all consumer race, age and income groups.
The NY Fed said that median one-year-ahead inflation expectations fell from 6.0% in December to 5.8% in January, the measure’s first fall since October 2020.
Both measures of inflation
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