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Short-Term Inflation Expectations Decline Sharply; Labor Market Expectations Improve
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the February 2023 Survey of Consumer Expectations, which shows that inflation expectations decreased sharply at the short-term horizon, remained unchanged at the medium-term horizon, and slightly increased at the long-term horizon. Expectations about year-ahead price increases for gas, food, cost of rent, college education, and medical care all declined. Labor market expectations improved, with unemployment expectations and perceived job loss risk decreasing and job finding expectations increasing. Expectations for voluntary job ... (full story)
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NY FED FEB YEAR-AHEAD EXPECTED INFLATION LOWEST SINCE MAY 2021
— *Walter Bloomberg (@DeItaone) March 13, 2023
NY FED: FEB YEAR-AHEAD EXPECTED INFLATION AT 4.2% COMPARED WITH JAN’S 5%
NY FED: FEB FIVE-YEAR-AHEAD EXPECTED INFLATION AT 2.6% COMPARED WITH JAN’S 2.5%
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NY FED: FEB EXPECTED HOME PRICE INCREASE RISES TO 1.4% FROM JAN’S 1.1%
— *Walter Bloomberg (@DeItaone) March 13, 2023
NY FED: HOUSEHOLDS EXPECT SMALLER FUTURE GASOLINE, FOOD, RENT COST INCREASES
NY FED: HOUSEHOLD VIEWS ON FINANCIAL SITUATION IMPROVED IN FEBRUARY