The one-year inflation outlook declined to 5%, the lowest level since July 2021, according to a recent New York Fed survey.
The one-year inflation outlook declined to 5%, the lowest level since July 2021, according to a New York Fed survey released Monday.
Consumers expect gas prices to increase 4.1% and food prices to rise 7.6% over the next year, in both cases a 0.7 percentage point decline from the previous month The central bank district's monthly Survey of Consumer Expectations for December showed that the one-year inflation outlook declined to 5%, down 0.2 percentage pointWhile that pace would still be well above the Fed's goal of 2% annual inflation, it represents progress in the fight against the surging cost of living.
Over the longer term, expectations were little changed, with the three-year outlook holding at 3% and the five-year projection edging higher to 2.4%.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Expectations of inflation in the short-run continue to decline, New York Fed surveyAmericans expect inflation to be lower in the short term, the New York Fed said in a report Monday
Les mer »
New York tabby cat looking for a ‘life of leisure’ with a new adoptive familySimon, a seven-year-old tabby cat, is currently up for adoption at the Animal Rescue Fund (ARF) of the Hamptons. He's described as 'handsome,' with 'lots of personality.'
Les mer »
Man Arrested for Urinating on Elderly Woman on New York-New Delhi FlightIndian police have arrested an unruly airline passenger following a complaint by a woman aboard an Air India flight from New York that he urinated on her in business class.
Les mer »
Mega Millions jackpot rises to $1.1 billion after no winner - New York Amsterdam NewsAnother Mega Millions drawing, another night without a big winner. No one hit all six numbers and won the estimated $940 million jackpot, pushing the lottery prize to an estimated $1.1 billion ahead of the next drawing Tuesday night.
Les mer »
Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis – Bitcoin NewsA report alleges that federal prosecutors are scrutinizing transfers between the crypto firms Digital Currency Group and its subsidiary, Genesis.
Les mer »