U.S. households expect home prices to grow 2.6% over the next 12 months, down sharply from 7% a year ago, according to data released this week by the Federal Reserve Bank of New York as part of its broader Survey of Consumer Expectations.
Consumer inflation expectations were little changed in the short, medium and longer terms in January, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations released this week.
U.S. households expected to spend less in December than they did a year ago, but spending expectations were still well above what they were immediately before the start of the pandemic, the Federal Reserve Bank of New York said this week in its quarterly Household Spending Survey.
Consumer inflation expectations declined in the short, medium and longer terms in November, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations released today.
Consumer credit demand declined in 2022 with most credit application rates stable or weakening, but a notable exception was a rise in credit card applications, according to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations Credit Access Survey, released today.
Consumer inflation expectations increased in the short, medium and longer terms in October, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations released today.
Longer-run inflation expectations during the past year and a half have remained “remarkably stable” at levels broadly consistent with the Federal Open Market Committee’s 2% target, Federal Reserve Bank of New York President John Williams said today.
Consumers’ inflation expectations continued to decline in the short term but increased slightly in the medium and longer terms, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations released today.
More consumers believe inflation will ease in the near and long terms, with inflation expectations declining across all horizons tracked in August, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations released today.
Expectations about price increases for gas and food for the coming year fell sharply, and home price growth expectations and year-ahead spending growth expectations also pulled back from recent highs.