NY Fed survey: 1 and 3 year inflation expectations remains steady
Been at that level since April 2018
The NY Fed survey of 1 and year year inflation expectations remains steady at 3%. The survey reached that level in April 2018 but has held steady at that level since then.
Meanwhile, mean unemployment expectations - or the mean probablility that the US unemployment rate will be higher one year from now - increased 1.8% points in January to 40.6%. This is the highest level since March 2014.
The survey is given to a rotating panel of 1300 households.