Federal Reserve Survey: U.S. one-year and three-year inflation expectations rise in December
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According to the latest survey by the Federal Reserve Bank of New York, inflation expectations for the one-year and three-year periods in the United States rose to 3% and 3%, respectively, while the five-year inflation expectation decreased to 2.7%. The survey showed that confidence in finding a job after unemployment fell to its lowest point since April 2021, and the median household income expectation also dropped to 2.8%. Consumers expect prices for gasoline, food, healthcare, college education, and rent to rise in the coming year. Following the release of the survey, U.S. Treasury yields rose slightly
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