Longer-Term Inflation Expectations Rose in April, Says New York Fed
Long-term inflation expectations edged higher in April, challenging the central bank’s efforts to ease price pressures, according to a survey released by the Federal Reserve Bank of New York on Monday.
Respondents to the New York Fed poll see inflation rising 3.9% three years from now, up from the 3.7% rise they predicted in the March survey. Meanwhile, respondents believe that one-year inflation will increase by 6.3%, down from 6.6% in March.
https://www.wsj.com/articles/ny-fed-longer-term-inflation-expectations-rose-in-april-11652108401?mod=pls_whats_news_us_business_f Longer-Term Inflation Expectations Rose in April, Says New York Fed