NY Fed: March one-year expected inflation unchanged at 3%

The Federal Reserve Bank of New York's latest Survey of Consumer Expectations showed on Monday that the US consumers' one-year inflation expectation held steady at 3% in March.

Key takeaways

"Three year ahead expected inflation 2.9% vs. Feb's 2.7%."

"Five year ahead expected inflation 2.6% vs. Feb’s 2.9%."

"Year ahead expected home price rise unchanged at 3%."

"Bigger year ahead rises expected for food, gas, rent, medical costs."

"Year ahead expected earnings growth steady at 2.8%."

"Fear of missing debt payment highest in four years."

"Household view on personal finances improved modestly in March."

Market reaction

The US Dollar Index stays under modest bearish pressure following this report and was last seen losing 0.1% on the day at 104.18.