New York Federal Reserve survey shows consumer long-term inflation expectations remain stable

ChainCatcher news, according to Golden Ten Data, a New York Fed survey shows that despite new price pressures brought by the Iran war, U.S. consumers' long-term inflation expectations remained stable in April. Inflation expectations for the next 12 months rose slightly, but compared with the March survey, there was no change in expectations for inflation over the next three or five years, indicating consumers believe the price shock from the war will be temporary. The survey also shows that consumers feel uneasy about the labor market, estimating a 44% probability that the unemployment rate will rise in the next 12 months, the highest level in a year.