Fed survey: Inflation expectations slip in Feb.
Consumers’ inflation expectations fell, according to the February Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.
Median inflation expectations fell to 2.8% in February from 3.0% for the one-year period and a three-year horizon “after having remained essentially unchanged since April 2018.,” according to the survey.
The expected earnings growth for one-year grew to 2.5% from 2.4%. The mean perceived probability of losing one’s job in the next 12 months climbed to 14.6% from 14.5%, while the mean probability of leaving one’s job voluntarily in the next 12 months slid to 21.2% from 21.4%.
The probability of finding a job, if one lost his/her current job, remained at 59.2%.
Median one-year ahead home prices are expected to grow 3.0%, unchanged from last month.
Median household income growth expectations slipped to 2.5% from 2.8%, while spending growth expectations rose to 3.1% from 3.0%.