NY Fed Survey Shows Long-Run Inflation Expectations Unchanged
Dow Jones08-07 23:02
1102 ET - The New York Fed's survey of consumer expectations reported that households' inflation expectations decreased slightly at the short-term horizon and remained unchanged at the medium-and longer-term horizons. The three-year and five-year-ahead horizons were unchanged at 3.3% and 3.0%, the report said. Officials at the central bank monitor long-run inflation expectations to ensure price pressures don't become a self-fulfilling prophecy if they become unanchored. The report will likely be an encouraging signal for policymakers.
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