Consumers’ inflation expectations fell, according to the February Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.
Median inflation expectations fell to 2.8% in February from 3.0% for the one-year period and a three-year horizon “after having remained essentially unchanged since April 2018.,” according to the survey.
The expected earnings growth for one-year grew to 2.5% from 2.4%. The mean perceived probability of losing one’s job in the next 12 months climbed to 14.6% from 14.5%, while the mean probability of leaving one’s job voluntarily in the next 12 months slid to 21.2% from 21.4%.
The probability of finding a job, if one lost his/her current job, remained at 59.2%.
Median one-year ahead home prices are expected to grow 3.0%, unchanged from last month.
Median household income growth expectations slipped to 2.5% from 2.8%, while spending growth expectations rose to 3.1% from 3.0%.
