Consumers' view of inflation expectations were steady in October, with buyers expecting 3.0% inflation over the course of one year and three years, according to the Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.
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Consumers see gas price growth falling to 3.9%, a 17-month low, but also see less probability that average interest rates on savings accounts would rise.
Median home price increases of 3.7% fell within the range seen since February 2014. Rent increases slipped to a low of 5.3%.
Consumers see earnings rising 2.4% in the year, unchanged from the prior month's survey.
