- Analytics
- News and Tools
- Market News
- NY Fed: Year-ahead expected inflation drops to 4.2% in Febuary from 5% in January
NY Fed: Year-ahead expected inflation drops to 4.2% in Febuary from 5% in January
The Federal Reserve Bank of New York's monthly Survey of Consumer Expectations showed on Monday that the US consumers' one-year inflation expectation dropped to the lowest level since May 2021 at 4.2% in February, compared to 5% in January.
Further details of the publication showed that the three-year ahead expected inflation remained unchanged at 2.7% and the five-year ahead expected inflation edged higher to 2.6% from 2.5%.
Finally, the year-ahead expected earnings growth held steady at 3%.
Market reaction
The US Dollar stays on the back foot after this report and the US Dollar Index was last seen losing 1% on the day at 103.60.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
